Noteworthy Insider Buying and Selling Transactions Witnessed at These Five Companies

This Global Media and Entertainment Company Saw its CEO Sell Big This Week

Twenty-First Century Fox Inc. (NASDAQ:FOX)’s Chief Executive Officer, James Rupert Murdoch, discarded 152,233 Class A shares on Monday at prices ranging from $29.28 to $29.48 per share. After the recent sizable sell-off, James Murdoch, who took over the reins of the company last year after his father, media mogul Rupert Murdoch, stepped down as CEO, currently owns 160,700 shares.

The shares of the owner of the Twentieth Century Fox studio and cable channels such as Fox News have advanced 10% since the beginning of 2016. Twenty-First Century Fox Inc. (NASDAQ:FOX)’s total revenues for the nine months that ended March 31 were $20.68 billion, down from $22.78 billion recorded for the same period of the prior year. However, the decrease mainly reflects the sale of the company’s DBS businesses in November 2014, which involved the sale of Sky Italia and a 57% interest in Sky Deutschland. David Harding’s Winton Capital Management was the owner of 1.99 million shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) at the end of March.

This Global Fuel Logistics Company Had CEO Offload Shares Last Week

World Fuel Services Corp (NYSE:INT)’s Chairman, Chief Executive Officer and President, Michael J. Kasbar, sold 31,073 shares on Friday at prices varying from $46.28 to $46.60 per share, cutting his overall holding to 858,031 shares. Moreover, Director Richard A. Kassar offloaded 2,500 shares last Monday for $46.82 each, which trimmed his stake to 35,807 shares.

World Fuel Services operates as a global fuel logistics, transaction management and payment processing company, which primarily engages in the distribution of fuel and other related products in the aviation, marine and land transportation industries. Although World Fuel Services Corp (NYSE:INT) has not been entirely immune to plunging crude oil prices, as the company’s first-quarter revenue dropped $2.1 billion year-on-year to $5.2 billion, its bottom-line results haven’t suffered too much of a blow. The logistics company’s net income for the first quarter of 2016 was $52.4 million, down $3.2 million relative to the same quarter of 2015. The shares of the company are up 19% year-to-date. Joe Dimenna’s Zweig DiMenna Partners acquired a new stake of 4,900 shares of World Fuel Services Corp (NYSE:INT) during the January-to-March period.

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