Last Week's Notable Insider Buys: Beacon Roofing Supply, Cricut, Crown Castle, And More

The Virginia-based company is expected to share its fiscal third-quarter earnings on Aug. 5. The share price was at $53.48 as Friday's regular trading ended. That was up only fractionally for the past week and more than 3% below the owner's purchase price. The stock has traded as high as $60.93 in the past 52-weeks, but it has a $67.80 consensus price target.

Crown Castle

Communications infrastructure company Crown Castle International Corp (CCI) had a director acquire 11,200 shares in the past week. At per share purchase prices ranging from $191.27 to $191.76, costing a total of $2.14 million. Note that 7,000 of those shares were purchased via trust for the benefit of the director's children. The director's own stake was listed as more than 141,700 shares.

Crown Castle posted its second-quarter results and raised its full-year guidance in the previous week. The stock is down about 5% since the report, ending Friday at $193.09 a share, above the director's purchase price range. The share price is still more than 21% higher since the beginning of the year. Overall, analysts recommend buying the shares.

Fast Acquisition

Special purpose acquisition company (SPAC) Fast Acquisition Corp (FST) saw a beneficial owner return to the buy window last week. At $11.64 to $12.70 per share, the 202,500 shares most recently acquired totaled more than $2.47 million. Note that this owner has purchased more than $18 million worth of the stock since the beginning of July and has a stake of over 3.57 million shares.

Fast Acquisition intends to merge with the casino and restaurant holdings of Tilman Fertitta, which includes Golden Nugget, Bubba Gump Shrimp, Joe's Crab Shack, and many other brands. The stock ended the week's trading at $12.45, within that insider's purchase price range. It has traded between $9.59 and $14.10 a share thus far.

And Others

Note that some smaller amount of insider buying at AAR Corp. (AIR), Anthem Inc (ANTM), and Archer-Daniels-Midland Co (ADM) was reported in the past week, as well.

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Disclaimer: At the time of this writing, the author had no position in the mentioned equities.

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