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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.

Continental Resources CEO bought 883,977 shares

Continental Resources Inc. (CLR) CEO, Chairman and 10% Owner Harold Hamm bought 883,977 shares on Feb. 22 at a price of $44.49. The price of the stock has increased by 1.66% since.


Continental Resources is an independent crude oil and natural gas exploration and production company that operates primarily in the Williston Basin and in southern Oklahoma. The company has a market cap of $16.83 billion. Its shares traded at $45.23 with a price-earnings ratio of 17.13 as of March 1.

Net income for the fourth quarter of 2018 was $197.7 million compared to $841.9 million for the prior-year period.

New Residential Investment CEO bought 60,000 shares

New Residential Investment Corp. (NRZ) CEO and President Michael Nierenberg bought 60,000 shares on Feb. 22 at a price of $16.50. The price of the stock has increased by 0.36% since.

New Residential Investment is a real estate investment trust which focuses on investing in and managing investments related to residential real estate in the United States. The company has a market cap of $6.775 billion. Its shares traded at $16.56 with a price-earnings ratio of 5.89 as of March 1.

Net income for the third quarter of 2018 was $185 million compared to $175 million for the prior-year quarter.

Cott Corp. CEO bought 51,405 shares

Cott Corp. (COT) CEO Thomas Harrington bought 33,560 shares on Feb. 26 at a price of $14.87. The price of the stock has increased by 1.14% since.

Cott Corp., along with its subsidiaries, is engaged in manufacturing and selling beverages. It is a route-based service company that offers bottled water and coffee roasting and blending of iced tea and extract solutions for the U.S. foodservice industry. The company has a market cap of $2.02 billion. Its shares traded at $15.04 with a price-earnings ratio of 5.46 as of March 1.

Net income for the fourth quarter of 2018 was $29 million compared to net loss of $4 million for the comparable period of the previous year.

CEO of S&D Coffee and Tea Charles R. Hinson bought 51,405 shares on Feb. 26 at a price of $14.88. The price of the stock has increased by 1.08% since.

Director Steven P. Stanbrook bought 13,500 shares on Feb. 26 at a price of $14.77. The price of the stock has increased by 1.83% since.

Bausch Health Companies CEO bought 30,000 shares

Bausch Health Companies Inc. (BHC) Chairman and CEO Joseph C. Papa bought 30,000 shares on Feb. 28 at a price of $23.67. The price of the stock has increased by 2.37% since.

Bausch Health Companies is a specialty pharmaceutical and medical device company which develops, manufactures, and markets a range of generic and branded generic pharmaceuticals, over-the-counter products and medical devices. The company has a market cap of $8.51 billion. Its shares traded at $24.23 as of March 1.

Net loss for the three months ended Dec. 31, 2018 was $344 million, as compared to net income of $513 million for the same period in 2017.

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.

This article first appeared on GuruFocus.