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Weekly CEO Buys Highlight

- By Joy Hu

According to GuruFocus insider data, these are the largest CEO buys of the past week.

Penn National Gaming CEO bought 100,000 shares

Penn National Gaming Inc. (PENN) CEO Timothy J. Wilmott bought 100,000 shares on Aug. 15 at a price of $30.85 per share. The stock price has increased by 7.13% since then.


The casino operator has a market cap of $3.04 billion. Its shares traded at $33.05 with a price-earnings ratio of 5.67 as of Aug. 17.

Net income for the second quarter of 2018 was $54 million, compared to $17.1 million in the prior-year period.

Director Jane Scaccetti bought 750 shares on July 31 for $31.39 per share. Since then, the stock price has increased by 5.29%.

Sarepta Therapeutics CEO bought 16,000 shares

Sarepta Therapeutics Inc. (SRPT) President and CEO Douglas S. Ingram bought 16,000 shares on Aug. 15 at a price of $125.26 per share. The stock price has increased by 3.98% since then.

The biotechnology company, which uses proprietary RNA-targeted technology platforms for developing pharmaceutical products to address serious diseases, has a market cap of $8.65 billion. Its shares traded around $130.25 on Friday.

The net loss was $109.3 million for the second quarter of 2018, up from $63 million in the prior-year quarter.

News Corp. CEO bought 72,000 shares

News Corp. (NWS) CEO Robert J. Thomson bought 72,000 shares on Aug. 15 for $14.13 per share. The stock price has increased by 2.26% since then.

The diversified media and information services company has a market cap of $8.22 billion. Its shares traded around $14.45 on Friday.

The net loss for the fourth quarter of fiscal 2018 was $355 million, compared to a net loss of $424 million in the prior-year quarter.

e.l.f. Beauty CEO bought 65,600 shares

Tarang Amin, CEO of e.l.f. Beauty Inc. (ELF), bought 65,600 shares on Aug. 14 for $10.76 per share. The stock price has increased by 8.46% since then.

The cosmetics company has a market cap of $555.28 million. Its shares traded around $11.67 with a price-earnings ratio of 17.95 on Friday.

Net income for the second quarter of 2018 was $1.2 million, compared to $4 million a year ago.

New Media Investment Group CEO bought 32,000 shares

New Media Investment Group Inc. (NEWM) CEO Michael Reed bought 32,000 shares on Aug. 13 for $15.74 per share. The stock price has increased by 0.32% since then.

The company, which owns, operates and invests in local media assets, has a market cap of $946.08 million. Its shares traded around $15.79 with a price-earnings ratio of 24.25 on Friday.

Net income for the second quarter of 2018 was $11.7 million, compared to net loss of $21.7 million the year prior.

For the complete list of stocks that were 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.