Weekly Top Insider Buys Highlight for Week of Oct. 21
- By Shuda Xia
According to GuruFocus' insider data, these are the largest Insider buys during the past week.
Genuine Parts Co. (GPC): Chairman Thomas Gallagher Bought 3,000 Shares
Chairman of Genuine Parts Co. Thomas Gallagher bought 3,000 shares on Oct. 20.
Genuine Parts Co. is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products, and other electronic materials. The company has a distribution network of over 2,650 operations located throughout the U.S., Canada, Mexico, the Caribbean, Australia, New Zealand and China. The company has a market cap of $13.49 billion. As of Oct. 21, it traded at $90.59.
Warning! GuruFocus has detected 2 Warning Sign with GPC. Click here to check it out.
The intrinsic value of GPC
On Oct. 19, after the company posted lower-than-anticipated results for the 2016 third quarter and reduced its full-year profit view, shares of Genuine Parts Co. retreated on heavy trading volume.
Cree Inc. (CREE): Director John B. Replogle Bought 5,000 Shares
Director of Cree Inc. (CREE) John B. Replogle bought 5,000 shares on Oct. 20.
Cree Inc. is an American worldwide manufacturer and marketer of lighting-class LEDs, lighting products, and products for power and radio frequency applications. The company has a market cap of $2.21 billion. As of Oct. 21, it traded at $22.12.
On Oct. 19, shares of Cree Inc. dropped as much as 14.7% in trading after reporting fiscal first quarter results. However, on the bottom line the company had a net income of $566,000, which is breakeven per share.
CEO Charles M. Swoboda bought 10,000 shares of Cree stock on Oct. 20 at the average price of $22.22. The price of the stock has decreased by 0.45% since.
Lions Gate Entertainment Corp (LGF): Director Arthur Evrensel Bought 2,600 Shares
Director of Lions Gate Entertainment Corp (LGF) Arthur Evrensel bought 2,600 shares.
Lions Gate Entertainment Corp is an American entertainment company based in Canada. The company is most famous for its Lionsgate Films division, which generated the seventh-highest gross revenue in North America in 2015. The company has a market cap of $2.91 billion. As of Oct. 21, it traded at $19.71.
Lions Gate Entertainment Corp. was the target of a large drop in short interest during the month of September. As of Sep. 30, there was short interest totaling 21,101,239 shares, a drop of 14.4% from the Sep. 15 total of 24,648,912 shares. Approximately 16.5% of the company's shares are sold short.
AquaVenture Holdings Ltd. (WAAS): CFO Lee S. Muller Bought 70,000 Shares
CFO of AquaVenture Holdings Ltd. (WAAS) Lee S. Muller bought 70,000 shares.
AquaVenture Holdings Ltd. provides water service solutions in North America, the Caribbean, Latin America and the Middle East. It offers filtered water systems and related services to approximately 40,000 institutional and commercial customers. The company has a market cap of $611.21 million. As of Oct. 21, the company traded at $24.05.
On Oct. 12, the company announced the closing of its previously announced initial public offering of 6.5 million ordinary shares at a public offering price of $18.00 per share, before underwriting discounts.
Director Paul T. Hanrahan bought 5,560 shares of WAAS stock on Oct. 12 at the average price of $18. The price of the stock has increased by 33.61% since.
President Anthony Ibarguen bought 12,550 shares of WAAS stock on Oct. 12 at the average price of $18. The price of the stock has increased by 33.61% since.
For the complete list of stocks bought by company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 2 Warning Sign with GPC. Click here to check it out.
The intrinsic value of GPC
