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Hedge Fund and Insider Trading News: Ken Griffin, Andreas Halvorsen, Jim Chanos, Paul Singer, Chase Coleman, Macy’s Inc (M), Energy Transfer LP (ET), and More

Tuesday 3/3 Insider Buying Report: ET, VZ (
At Energy Transfer, a filing with the SEC revealed that on Friday, CEO Kelcy L. Warren purchased 300,000 shares of ET, at a cost of $10.80 each, for a total investment of $3.24M. Warren was up about 13.4% on the purchase at the high point of today’s trading session, with ET trading as high as $12.25 at last check today. Energy Transfer is trading off about 0.1% on the day Tuesday. Before this latest buy, Warren purchased ET on 3 other occasions during the past twelve months, for a total cost of $132.85M at an average of $11.48 per share. And at Verizon Communications, there was insider buying on Friday, by EVP and Group CEO-VZ Consumer Ronan Dunne who bought 18,839 shares at a cost of $53.47 each, for a total investment of $1.01M. Verizon Communications is trading up about 0.2% on the day Tuesday. So far Dunne is in the green, up about 8.6% on their buy based on today’s trading high of $58.05.

Macy’s Inc (M) Chairman and CEO Jeffrey Gennette Sold $600,257 of Shares (Guru Focus)
Chairman and CEO of Macy’s Inc., Jeffrey Gennette, sold 47,190 shares of M on 03/02/2020 at an average price of $12.72 a share. The total sale was $600,257. Macy’s Inc is an omnichannel retailer. It sells merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.

The President of Brinker International (NYSE: EAT) is Buying Shares (Analyst Ratings)
Yesterday, the President of Brinker International (EAT), Wyman Roberts, bought shares of EAT for $150K. This is Roberts’ first Buy trade following 9 Sell transactions. Following this transaction Wyman Roberts’ holding in the company was increased by 2.9% to a total of $5.44 million.

Ryder System: Big Yield, Significant New Insider Buying But Serious Challenges Remain (Seeking Alpha)
Insider Activity & Analyst Commentary: Analysts are not currently sanguine on Ryder’s prospects after its disappointing Q4 results on February. JP Morgan lowered its price target five bucks a share to $42 and reiterated its Sell rating. Stephens kept its $47 price target on Ryder but maintained its Hold rating. SunTrust Robinson did reissue their Buy rating on Ryder but lowered its price target on the stock to $55 from $60 a share. Insiders seem to be more optimistic on the company’s longer-term direction based on insider activity last week. In the first insider moves so far in 2020, an EVP and insider bought nearly $100,000 worth of new shares on February 25th. That same day, the CFO bought just under $490,000. This followed a CEO purchase of $515,000 worth of stock the day before with another director picking up $120,000 in new equity that day as well.

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