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Welcome to edition 369 of Insider Weekends. Insider buying decreased significantly last week with insiders buying $46.08 million of stock compared to $114.27 million in the week prior. Selling on the other hand increased with insiders selling $490.44 million of stock last week compared to $461 million 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 went up to 10.64. In other words, insiders sold more than 10 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 4.03.
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. Liberty Global plc (LBTYA): $31.46
Director John C. Malone acquired 863,089 shares of Liberty Global, paying $24.51 per share for a total amount of $21.15 million. Mr. Malone increased his direct holdings by 35.60% to 3,287,533 shares with this purchase.