Welcome to edition 216 of Insider Weekends. Insider buying increased last week with insiders buying $113.26 million of stock compared to $60.16 million in the week prior. Selling on the other hand declined with insiders selling $961.05 million of stock last week compared to $1.34 billion in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped down to 8.49. In other words, insiders sold more than 8 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 22.36. 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, 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. Tile Shop Holdings, Inc. (TTS): $11.09
Shares of this retailer and manufacturer of stone tiles were acquired by 5 insiders:
You can view the list of recent insider transactions for Tile Shop Holdings, Inc. here.
|P/E: 44.54||Forward P/E: 26.4||Industry P/E: N/A|
|P/S: 2.21||Price/Book: 6.03||EV/EBITDA: 15.28|
|Market Cap: $568.27M||Avg. Daily Volume: 684,197||52 Week Range: $9.06 – $30.25|
2. Intevac Inc. (IVAC): $6.65
Shares of this electronics company were acquired by 2 insiders:
You can view the list of recent insider transactions for Intevac Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: 17.03|
|P/S: 2.15||Price/Book: 1.27||EV/EBITDA: -9.17|
|Market Cap: $157.11M||Avg. Daily Volume: 206,843||52 Week Range: $4.82 – $10.2|
3. The PNC Financial Services Group, Inc. (PNC): $81.72
Director Andrew T. Feldstein acquired 25,000 shares of this financial services company, paying $81.87 per share for a total amount of $2.05 million. These shares were purchased indirectly through trusts.
You can view the list of recent insider transactions for The PNC Financial Services Group, Inc. here.
|P/E: 10.93||Forward P/E: 11.01||Industry P/E: 12.74|
|P/S: 2.86||Price/Book: 1.07||EV/EBITDA: N/A|
|Market Cap: $43.48B||Avg. Daily Volume: 2,263,480||52 Week Range: $70.63 – $90|
4. Republic Services, Inc. (RSG): $38.71
Director Wallace Lee Nutter acquired 30,000 shares of this waste management company, paying $38.04 per share for a total amount of $1.14 million. Mr. Nutter increased his stake by 9036.14% to 30,332 shares with this purchase.
You can view the list of recent insider transactions for Republic Services, Inc. here.
|P/E: 23.46||Forward P/E: 17.92||Industry P/E: 25.38|
|P/S: 1.84||Price/Book: 1.73||EV/EBITDA: 9.26|
|Market Cap: $16.02B||Avg. Daily Volume: 1,490,950||52 Week Range: $31.42 – $38.76|
5. Hexcel Corp. (HXL): $37.92
Director David L. Pugh acquired 27,000 shares of this aerospace/defense products company, paying $37.14 per share for a total amount of $1 million. Mr. Pugh increased his stake by 540.00% to 32,000 shares with this purchase.
Voluntary Disclosure: I hold a long position in HXL.
You can view the list of recent insider transactions for Hexcel Corp. here.
|P/E: 19.85||Forward P/E: 15.41||Industry P/E: N/A|
|P/S: 2.02||Price/Book: 3.1||EV/EBITDA: 10.98|
|Market Cap: $3.65B||Avg. Daily Volume: 814,138||52 Week Range: $35.31 – $46.46|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. Equity Residential (EQR): $65.02
Shares of this apartment REIT were sold by 2 insiders:
You can view the list of recent insider transactions for Equity Residential here.
|P/E: 26.37||Forward P/E: 19.58||Industry P/E: N/A|
|P/S: 9.14||Price/Book: 2.28||EV/EBITDA: 21.55|
|Market Cap: $23.51B||Avg. Daily Volume: 1,466,520||52 Week Range: $50.08 – $66.77|
2. Liberty Media Corporation (LMCA): $46.5
Chairman of the Board John C. Malone sold 204,688 shares of this broadcasting company for $46.41, generating $9.49 million from the sale.
You can view the list of recent insider transactions for Liberty Media Corporation here.
|P/E: 7.41||Forward P/E: 21.53||Industry P/E: 28.84|
|P/S: 3.67||Price/Book: 1.13||EV/EBITDA: 18.03|
|Market Cap: $15.95B||Avg. Daily Volume: 2,225,750||52 Week Range: $42.78 – $55.61|
3. ServiceNow, Inc. (NOW): $55
Chief Product Officer Frederic B. Luddy sold 151,400 shares of this software-as-a-service provider for $56.11, generating $8.49 million from the sale. 50,000 of these shares were sold indirectly by Frederic B. Luddy CRT, LLC and 1,490 shares were sold indirectly by Mr. Luddy’s spouse.
You can view the list of recent insider transactions for ServiceNow, Inc. here.
|P/E: N/A||Forward P/E: 275||Industry P/E: 16.65|
|P/S: 14.75||Price/Book: 20.09||EV/EBITDA: -92.7|
|Market Cap: $7.95B||Avg. Daily Volume: 1,792,090||52 Week Range: $41.35 – $71.8|
4. Post Properties Inc. (PPS): $54.23
Shares of this residential REIT were sold by 4 insiders:
You can view the list of recent insider transactions for Post Properties Inc. here.
|P/E: 29.47||Forward P/E: 19.51||Industry P/E: N/A|
|P/S: 7.89||Price/Book: 2.54||EV/EBITDA: 20.26|
|Market Cap: $2.95B||Avg. Daily Volume: 331,871||52 Week Range: $42.43 – $55.91|
5. Trinity Industries Inc. (TRN): $42.52
Shares of this railroads company were sold by two insiders:
You can view the list of recent insider transactions for Trinity Industries Inc. here.
|P/E: 6.43||Forward P/E: 10.79||Industry P/E: 21.4|
|P/S: 1.22||Price/Book: 2.34||EV/EBITDA: 7.16|
|Market Cap: $6.64B||Avg. Daily Volume: 3,023,800||52 Week Range: $19.34 – $47.83|
You can view the full list of sales from this Insider Sales page.
Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria