Activist Hedge Fund CIAM Takes Aim at Belgium’s Ontex Group (Hedge Week)
CIAM, the London and Paris-based activist hedge fund, has hit out at Ontex Group NV over what it sees as financial underperformance and a lack of strategic direction, and is calling for a shake-up of the Belgian personal hygiene products manufacturer’s board. CIAM, which was co-founded by Catherine Berjal and Anne-Sophie d’Andlau, in 2010, currently holds a 3.65 per cent stake in Ontex. CIAM believes there is “little to suggest” that Ontex is serious about regaining investor confidence and generating value. The Aalst, Belgium-headquartered group specialises in a range of baby, feminine and adult personal hygiene products.
Thursday 7/23 Insider Buying Report: FREQ, FDX (Nasdaq.com)
At Frequency Therapeutics (FREQ), a filing with the SEC revealed that on Monday, Director Joel S. Marcus purchased 55,555 shares of FREQ, for a cost of $18.00 each, for a total investment of $999,990. Marcus was up about 24.7% on the buy at the high point of today’s trading session, with FREQ trading as high as $22.45 at last check today. Frequency Therapeutics is trading up about 3.9% on the day Thursday. This buy marks the first one filed by Marcus in the past year. And at FedEx Corp (FDX), there was insider buying on Wednesday, by Director Marvin R. Ellison who bought 2,200 shares for a cost of $164.53 each, for a trade totaling $361,966. This purchase marks the first one filed by Ellison in the past twelve months. FedEx Corp is trading up about 0.4% on the day Thursday. Ellison was up about 1.4% on the purchase at the high point of today’s trading session, with FDX trading as high as $166.84 at last check today.
Netflix Inc (NFLX) CEO Reed Hastings Sold $21.4 million of Shares (Guru Focus)
CEO of Netflix Inc, Reed Hastings, sold 43,239 shares of NFLX on 07/21/2020 at an average price of $494.83 a share. The total sale was $21.4 million. Netflix Inc provides multimedia content through the internet. It provides a subscription based platform for television shows, movies and original series. Netflix Inc has a market cap of $216.02 billion; its shares were traded at around $489.82 with a P/E ratio of 82.61 and P/S ratio of 9.79.
The Corporate Secretary of First Majestic Silver (NYSE: AG) is Selling Shares (Analyst Ratings)
Today, the Corporate Secretary of First Majestic Silver (AG), Connie Lillico, sold shares of AG for $382.5K. In addition to Connie Lillico, 2 other AG executives reported Sell trades in the last month. The company has a one-year high of $12.86 and a one-year low of $4.17. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.68, reflecting a 20.9% upside.
Tigenix Nv (TIG) President and CEO Andrew O’brien Sold $8.8 million of Shares (Guru Focus)
President and CEO of Tigenix Nv, Andrew O’brien, sold 630,707 shares of TIG on 07/22/2020 at an average price of $13.95 a share. The total sale was $8.8 million. TiGenix NV is engaged in developing and commercializing novel therapeutics from its proprietary technology platforms of allogeneic, or donor derived, stem cells. TiGenix NV has a market cap of $254.090 million; its shares were traded at around $16.50.
