According to GuruFocus insider data, these are the largest CEO buys over the past week.
Bausch Health Companies CEO bought 30,000 shares
Bausch Health Companies Inc. (NYSE:BHC) Chairman and CEO Joseph C. Papa bought 30,000 shares on Sept. 13 for an average price of $23.31. The stock has declined 1.93% since then.
The global specialty pharmaceutical company focuses on branded products for the dermatology, gastrointestinal and ophthalmology markets. The company also has a branded generics business that operates primarily in Latin America, Eastern Europe and Asia. The company has a market cap of $8.03 billion. Its shares traded around $22.86 as of Sept. 20.
The company's net loss for the three months ended June 30 was $171 million, compared to a net loss of $873 million for the same period in 2018.
SmileDirectClub CEO bought 37,000 shares
SmileDirectClub Inc. (NASDAQ:SDC) CEO, Chairman, and 10% owner David B. Katzman bought 37,000 shares on Sept. 16 for an average price of $18.50. Since then, the stock has fallen 1.35%.
SmileDirectClub is a teledentistry company. The company produces 3D-printed clear aligners, a competitor to traditional braces and clear alignment companies like Invisalign. Communication with licensed orthodontic professionals and other SmileDirectClub staff takes place virtually. Impression kits are sent to customers, after which teeth molds are reviewed by dentists or orthodontists who oversee the treatment process. While most business and dentistry is conducted online, the company has 200 retail locations in 38 states. The company has a market cap of $7.06 billion. Its shares traded around $18.25 as of Sept. 20.
On Sept. 11, SmileDirectClub announced the pricing of its initial public offering of 58,537,000 shares of its Class A common stock at a price of $23 per share.
General Counsel, Corporate Secretary and Director Susan Greenspon Rammelt bought 4,100 shares on Sept. 13 for an average price of $18.51. The stock has retreated 1.4% since then.
President of International Operations Kay Oswald bought 2,700 shares on Sept. 13 at a price of $17.64 per share. The share price has climbed 3.46% since then.
CD&R Investment Associates X sold 2,275,857 shares on Sept. 16 for $21.85 per share. The share price has tumbled 16.48% since then.
Church & Dwight CEO bought 7,000 shares
Church & Dwight Co. Inc. (NYSE:CHD) President and CEO Matthew Farrell bought 7,000 shares on Sept. 16 for an average price of $71.32. Since then, the stock has gained 2.08%.
The company is the leading producer of baking soda in the world. Around one dozen of its products are sold under the Arm & Hammer brand, such as baking soda, toothpaste, cat litter and carpet cleaner. Its product portfolio also includes Xtra, Trojan, OxiClean, First Response, Nair, L'il Critters/Vitafusion and Orajel--together constituting more than 80% of its annual sales and profits. Most recently, the company added Water Pik, which manufactures oral water flossers and replacement showerheads, to its mix. Church & Dwight derives about 85% of its sales from the U.S. The company has a market cap of $17.99 billion. Its shares traded around $72.80 with a price-earnings ratio of 30.33 as of Sept. 20.
Net income for the second quarter was $138.5 million, compared to $121.7 million in the prior-year quarter.
Director Penry W. Price bought 704 shares on Sept. 16 for an average price of $71.01. The stock has risen 2.52% since then.
Director Ravichandra Krishnamu Saligram bought 1,500 shares on Sept. 16 for an average price of $71.81. Since then, the share price has increased by 1.38%.
Executive Vice President of Global Operations Rick Spann bought 1,000 shares on Sept. 16 for an average price of $72.07. The price of the stock has increased by 1.01% since then.
Liberty TripAdvisor Holdings CEO bought 15,408 shares
Liberty TripAdvisor Holdings Inc. (NASDAQ:LTRPA) President, CEO and 10% owner Gregory B. Maffei bought 15,408 shares on Sept. 13 for an average price of $10.38. The share price has decreased 9.92% since then.
The company provides online travel site services and online retail through its subsidiaries, TripAdvisor and BuySeasons. The company has a market cap of $700.07 million. Its shares traded around $9.35 with a price-earnings ratio of 100.54 as of Sept. 20.
Net earnings for the second quarter of 2019 were $23 million, compared to a loss of $22 million for the year-ago quarter.
Athenex CEO bought 5,000 shares
Athenex Inc. (NASDAQ:ATNX) CEO, Chairman and 10% owner Johnson Yiu Nam Lau bought 5,000 shares on Sept. 16 for an average price of $13.57. The stock has gained 4.94% since then.
The biopharmaceutical company is dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer. Its mission is to improve the lives of cancer patients by creating more effective, safer and tolerable treatments. The company has organized its business model into three segments: Oncology Innovation Platform, Commercial Platform and Global Supply Chain Platform with operations in both the U.S. and China. The company has a market cap of $1.10 billion. Its shares traded around $14.24 as of Sept. 20.
Net loss for the three months ended June 30 was $32 million, compared to a net loss of $36.9 million in the same period last year.
Perceptive Life Sciences Master Fund, which is a 10% owner of the stock, bought 70,000 shares on Sept. 13 for an average price of $14.23 and 30,000 shares on Sept. 16 for $13.58. Since then, the stock has gained 4.86%.
For the complete list of stocks bought by company CEOs, go to CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
