Welcome to edition twenty two of Insider Weekends. Insider buying increased significantly last week with insiders purchasing $32.8 million of their stock when compared to $3.42 million in the week prior. Selling also increased with insiders selling $3.29 billion worth of stock when compared to $987.33 million in the week prior.
The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider buying in that week. The adjusted ratio for last week went down to 100.14. In other words, insiders sold more than 100 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the week prior when the ratio stood at 289.1. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Note: As mentioned in the first post in this series Introduction to Insider Weekends, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. GTX Inc. (GTXI): $2.8
Director Joseph R Hyde III acquired 5.5 million shares of this biopharmaceutical company, paying $2.8 per share for a total amount of $15.3 million. 2.2 million of these shares were acquired indirectly through Pittco Investments.
|P/E: 13.21||Forward P/E: N/A||Industry P/E: 16.25|
|P/S: 1.57||Price/Book: 4.01||EV/EBITDA: 5.89|
|Market Cap: $101.98M||Avg. Daily Volume: 134,085||52 Week Range: $1.9 – $4.66|
2. The Coca-Cola Company (KO): $62.58
Director Barry Diller acquired 120,000 shares of Coke, paying $61.52 per share for a total amount of $7.4 million.
|P/E: 19.26||Forward P/E: 16.3||Industry P/E: 17.48|
|P/S: 4.51||Price/Book: 5.18||EV/EBITDA: 13.64|
|Market Cap: $145.31B||Avg. Daily Volume: 8,763,130||52 Week Range: $49.47 – $62.65|
3. Luby’s Inc. (LUB): $5.4
Shares of this restaurant chain were purchased by two insiders:
These purchases were done indirectly by privately held Pappas Restaurants, Inc. Chris and Harris Pappas are grandsons of the founder of Pappas Restaurants and also manage Luby’s. While there were two separate filings, these duplicate filings could very well represent a single purchase of 156,612 shares by Pappas Restaurants.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 16.62|
|P/S: 0.56||Price/Book: 0.95||EV/EBITDA: 320.34|
|Market Cap: $151.49M||Avg. Daily Volume: 47,236||52 Week Range: $3.25 – $5.59|
4. Duncan Energy Partners LP (DEP): $32.7
Director Joe Havens acquired 37,500 shares of this oil & gas pipelines company, paying $31.24 per share for a total amount of $1.17 million.
|P/E: 21.51||Forward P/E: 19.35||Industry P/E: 21.63|
|P/S: 1.73||Price/Book: 2.48||EV/EBITDA: 8.89|
|Market Cap: $1.89B||Avg. Daily Volume: 87,076||52 Week Range: $21.2 – $33.39|
5. Skilled Healthcare Group, Inc. (SKH): $5.25
Shares of this long-term care facility were purchased by three insiders:
|P/E: N/A||Forward P/E: 5.9||Industry P/E: 12.55|
|P/S: 0.27||Price/Book: 0.7||EV/EBITDA: 6.57|
|Market Cap: $198.39M||Avg. Daily Volume: 566,964||52 Week Range: $1.43 – $8.23|
Notable Insider Sales:
1. Microsoft Corporation (MSFT): $26.85
Shares of Microsoft were sold by four insiders:
|P/E: 11.54||Forward P/E: 10.02||Industry P/E: 27.44|
|P/S: 3.53||Price/Book: 4.95||EV/EBITDA: 6.6|
|Market Cap: $229.72B||Avg. Daily Volume: 61,735,300||52 Week Range: $22.73 – $31.58|
2. Amazon.com Inc. (AMZN): $170.77
Shares of this online retailer were sold by two insiders:
|P/E: 69.22||Forward P/E: 49.07||Industry P/E: 27.69|
|P/S: 2.46||Price/Book: 11.86||EV/EBITDA: 38.55|
|Market Cap: $76.65B||Avg. Daily Volume: 6,032,970||52 Week Range: $105.8 – $172.53|
3. Oracle Corp. (ORCL): $29.25
Chief Executive Officer Lawrence Joseph Ellison sold 5 million shares of this enterprise software company for $29.28 per share, generating a total amount of $146.4 million. Oracle has been on our list for seven weeks in a row.
|P/E: 23.34||Forward P/E: 13.3||Industry P/E: 27.44|
|P/S: 5.06||Price/Book: 4.61||EV/EBITDA: 11.92|
|Market Cap: $147.04B||Avg. Daily Volume: 36,700,000||52 Week Range: $21.11 – $29.82|
4. Marriott International, Inc. (MAR): $39.55
Shares of this hotel company were sold by four insiders:
|P/E: 37.63||Forward P/E: 28.45||Industry P/E: 37.63|
|P/S: 1.25||Price/Book: 10.51||EV/EBITDA: 17.31|
|Market Cap: $14.41B||Avg. Daily Volume: 3,917,520||52 Week Range: $24.66 – $40|
5. Live Nation Entertainment, Inc. (LYV): $9.81
Director Barry Diller sold 2.53 million shares of this general entertainment company for $9.62 per share, generating a total amount of $24.35 million. This sale came shortly after Mr. Diller quit his post as Chairman of Live Nation.
|P/E: N/A||Forward P/E: 75.46||Industry P/E: N/A|
|P/S: 0.36||Price/Book: 1.2||EV/EBITDA: 10.39|
|Market Cap: $1.67B||Avg. Daily Volume: 1,532,410||52 Week Range: $6.83 – $16.9|