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Weekly CEO Buys Highlight

- By Joy Hu

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Odonate Therapeutics CEO bought 57,190 shares

Odonate Therapeutics Inc. (ODT) CEO and 10% Owner Kevin C. Tang bought 57,190 shares during the past week at an average price of $19.49.

Odonate Therapeutics is a pharmaceutical company which is engaged in the development of therapeutics which improves and extend the lives of patients with cancer. It is developing tesetaxel, a chemotherapy agent used in the treatment of cancer. The company has a market cap of $548.591 million. Its shares traded at $20.40 as of Aug. 24.


Net loss for the three months ended June 30 was $19.4 million compared to $3.9 million for the same period in 2017.

Tang bought 22,810 shares on Aug. 15 at a price of $18.93; 49,685 shares on Aug. 20 at a price of $19.49; and 7,505 shares on Aug. 21 at a price of $19.47. The price of the stock has increased by 4.78% since.

Arcus Biosciences CEO bought 18,180 shares

Arcus Biosciences Inc. (RCUS) CEO Terry J. Rosen bought 18,180 shares during the past week at an average price of $13.35.

Arcus Biosciences is a clinical-stage biopharmaceutical company which focuses on developing and commercializing cancer immunotherapies. The company has a market cap of $599.28 million. Its shares traded at $13.48 as of Aug. 24.

Net loss for the second quarter ended June 30 was $13.5 million compared to $9.6 million for the same period in 2017.

Rosen bought 9,929 shares on Aug. 13 at a price of $11.87; 28,401 shares on August 16 at a price of $12.64; 8,891 shares on Aug. 21 at a price of $13.24; and 9,289 shares on Aug. 24 at a price of $13.45. The price of the stock has increased by 0.22% since.

President Juan C. Jaen bought 10,000 shares on Aug. 13 at a price of $11.88. The price of the stock has increased by 13.47% since.

Erie Indemnity CEO bought 1,550 shares

Erie Indemnity Co. (ERIE) President and CEO Timothy G. NeCastro bought 1,550 shares on August 21 at a price of $127.89. The price of the stock has decreased by 0.58% since.

Erie Indemnity provides sales, underwriting and policy issuance services to the policyholders of Erie Insurance Exchange. It also operates as a property and casualty insurer through its wholly-owned subsidiaries. The company has a market cap of $6.65 billion. Its shares traded at $127.15 with a price-earnings ratio of 28.19 as of Aug. 24.

Net income was $79.7 million for the second quarter of 2018 compared to $58.5 million in the prior-year period.

NeCastro also bought 141 shares on Aug. 3 at a price of $126.43.

Essential Properties CEO bought 10,000 shares

Essential Properties Realty Trust Inc. (EPRT) President and CEO Peter M. Mavoides bought 10,000 shares on Aug. 17 at a price of $13.99. The price of the stock has increased by 4% since.

Essential Properties acquires, owns and manages primarily single-tenant properties leased to middle-market companies operating service-oriented and experience-based businesses.

The company has a market cap of $913.82 million. Its shares traded at $14.55 with a price-earnings ratio of 72.75 as of Aug. 24.

Net income for the quarter ended June 30, 2018 was $3.5 million compared to $2.0 million for the same quarter in 2017.

Executive Vice President and Chief Operating Officer Gregg A. Seibert bought 8,000 shares on Aug. 22 at a price of $14.31. The price of the stock has increased by 1.68% since.

Director Paul T. Bossidy bought 5,000 shares on Aug. 17 at a price of $14.02. The price of the stock has increased by 3.78% since.

Director Scott A. Estes bought 10,000 shares on Aug. 10 at a price of $14.04. The price of the stock has increased by 3.63% since.

Apple Hospitality REIT CEO bought 6,000 shares

Apple Hospitality REIT Inc. (APLE) President and CEO Justin G. Knight bought 6,000 shares on Aug. 23 at a price of $17.65. The price of the stock has increased by 0.28% since.

Apple Hospitality REIT is a real estate investment trust based in the U.S. It invests mainly in hotel properties with the objective of acquiring income to be transferred to its investors. The company has a market cap of $4.08 billion. Its shares traded at $17.70 with a price-earnings ratio of 23.60 as of Aug. 24.

Net income for the second quarter of 2018 was $67.63 million compared to $87.60 million for the prior-year period.

Executive Chairman Glade M. Knight bought 10,000 shares on Aug. 20 at a price of $17.63. The price of the stock has increased by 0.4% since.

Director Redd Hugh bought 1,000 shares on Aug. 13 at a price of $17.15. The price of the stock has increased by 3.21% since.

Director Blythe J. McGarvie bought 11,500 shares on Aug. 13 at a price of $17.32. The price of the stock has increased by 2.19% since.

Executive Vice President and Chief Legal Officer David P. Buckley bought 1,156 shares on Aug. 10 at a price of $17.29. The price of the stock has increased by 2.37% since.

For the complete list of stocks that were bought by their 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.