Largest U.S. Beauty Retailer and Single-Family REIT Register Massive Insider Selling, Plus Other Insider Transactions

Board Member of Largest U.S. Beauty Retailer Offloads Sizeable Blocks of Shares

Shortly after an insider bought shares earlier this month, another insider at Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) offloaded two sizeable blocks of shares. Charles Heilbronn, Board member since 1995, liquidated 900,000 shares on Wednesday for $229.56 each, all of which were held indirectly through Mousseluxe SARL that owns 2.10 million shares after the sale. Mr. Heilbronn discarded an additional 25,000 shares at $229.56 apiece, a sale that trimmed his direct ownership stake to 58,928 shares.

The shares of the largest beauty retailer in the United States are 25% in the green so far this year. Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)’s net sales for the three months that ended July 30 were $1.07 billion, up from $877.0 million recorded for the same period of the previous year. The company’s comparable sales grew an impressive 14.4% year-over-year, reflecting an 12.6% increase at the company’s retail and salon stores and a 54.9% jump in the company’s e-commerce business. The number of smart money investors from our system invested in Ulta rose to 36 from 32 during the June quarter. John Griffin’s Blue Ridge Capital owns 1.06 million shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) as of June 30.

COO of Single-Family REIT Discards Shares

A well-informed member of American Homes 4 Rent (NYSE:AMH)’s executive team also discarded a large amount of shares this week. Chief Operating Officer John E. Corrigan liquidated 91,324 shares on Thursday through a private sale at the closing price on September 14 of $20.94. The shares were held via a limited liability company formed for the benefit of Mr. Corrigan and his family. After the recent sale, the COO currently owns 277,875 shares through the LLC.

The real estate investment trust focused on acquiring, renovating, leasing and operating single-family homes as rental properties has seen its market value increase by 26% since the start of the year. American Homes 4 Rent (NYSE:AMH) owned 48,038 single-family properties at the end of June, including 1,582 properties held for sale, as compared to 38,780 single-family properties owned at the end of December 2015. The REIT’s core property revenues from same-home properties increased by 5.4% year-on-year to $101.2 million during the three months that ended June 30. Jason Karp’s Tourbillon Capital Partners reported ownership of 9.86 million shares of American Homes 4 Rent (NYSE:AMH) in its 13F for the second quarter.

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