Tesla Bruises Another Hedge Fund With Bearish GMT Facing Losses (Bloomberg)
Tesla Inc.’s stock surge is taking a toll on another hedge fund manager as Tom Claugus’s GMT Capital suffered losses last month after betting against the electric-car maker. GMT’s three Bay Resource long-short equity funds, which have roughly $3.3 billion in combined assets, each plunged about 10% in January, Claugus confirmed. Tesla’s heavily shorted stock soared 55% in the month, helped by the company’s second straight quarter of blowout earnings. “Tesla has done a really good job getting to sustainability,” Claugus said in a telephone interview. Still, he said, “the valuation is detached from reality.”
Thursday 2/13 Insider Buying Report: NGL, PPD (Nasdaq.com)
At NGL Energy Partners, a filing with the SEC revealed that on Tuesday, Chief Executive Officer H. Michael Krimbill bought 100,000 shares of NGL, for a cost of $9.68 each, for a total investment of $967,950. NGL Energy Partners is trading up about 1.5% on the day Thursday. Before this latest buy, Krimbill bought NGL on 3 other occasions during the past twelve months, for a total cost of $2.12M at an average of $11.44 per share. And at PPD, there was insider buying on Monday, by Chief Operating Officer William J. Sharbaugh who purchased 30,000 shares for a cost of $27.00 each, for a trade totaling $810,000. This purchase marks the first one filed by Sharbaugh in the past year. PPD is trading off about 1% on the day Thursday. So far Sharbaugh is in the green, up about 19.4% on their buy based on today’s trading high of $32.25.
Mettler-toledo International Inc (MTD) President and CEO Oliver A Filliol Sold $9.8 million of Shares (Guru Focus)
President and CEO of Mettler-toledo International Inc., Oliver A Filliol, sold 12,619 shares of MTD on 02/12/2020 at an average price of $779 a share. The total sale was $9.8 million. Mettler-Toledo International Inc supplies weighing and precision instruments to customers in the life sciences, industrial and food retail industries. Its products are laboratory scales, pipettes, pH meters, thermal analysis equipment and others. Mettler-Toledo International Inc has a market cap of $18.37 billion; its shares were traded at around $763.94 with a P/E ratio of 33.93 and P/S ratio of 6.33.
The SVP, CIO of Tetra Tech (NASDAQ: TTEK) is Selling Shares (Analyst Ratings)
Yesterday, the SVP, CIO of Tetra Tech (TTEK), Craig L. Christensen, sold shares of TTEK for $577.8K. Following Craig L. Christensen’s last TTEK Sell transaction on November 20, 2019, the stock climbed by 9.9%. In addition to Craig L. Christensen, 8 other TTEK executives reported Sell trades in the last month.