Capital Senior Living Corporation (CSU): Insiders Aren’t Crazy About It

Page 1 of 2

Capital Senior Living Corporation (NYSE:CSU) shareholders have witnessed an increase in hedge fund sentiment in recent months.

If you’d ask most shareholders, hedge funds are viewed as unimportant, old financial vehicles of yesteryear. While there are greater than 8000 funds trading today, we hone in on the aristocrats of this club, about 450 funds. It is widely believed that this group oversees the lion’s share of all hedge funds’ total asset base, and by keeping an eye on their highest performing equity investments, we have revealed a few investment strategies that have historically outperformed the S&P 500 index. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Capital Senior Living CorporationEqually as beneficial, optimistic insider trading sentiment is a second way to break down the world of equities. Just as you’d expect, there are many reasons for an upper level exec to downsize shares of his or her company, but only one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this method if you know what to do (learn more here).

Keeping this in mind, let’s take a peek at the latest action encompassing Capital Senior Living Corporation (NYSE:CSU).

Hedge fund activity in Capital Senior Living Corporation (NYSE:CSU)

Heading into Q2, a total of 19 of the hedge funds we track were bullish in this stock, a change of 58% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes significantly.

When looking at the hedgies we track, Renaissance Technologies, managed by Jim Simons, holds the biggest position in Capital Senior Living Corporation (NYSE:CSU). Renaissance Technologies has a $27.3 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Joseph Edelman of Perceptive Advisors, with a $22.3 million position; 2.7% of its 13F portfolio is allocated to the company. Some other hedge funds with similar optimism include Phill Gross and Robert Atchinson’s Adage Capital Management, Richard S. Meisenberg’s ACK Asset Management and SAC Subsidiary’s CR Intrinsic Investors.

Now, some big names were breaking ground themselves. Adage Capital Management, managed by Phill Gross and Robert Atchinson, established the most valuable position in Capital Senior Living Corporation (NYSE:CSU). Adage Capital Management had 14.7 million invested in the company at the end of the quarter. SAC Subsidiary’s CR Intrinsic Investors also initiated a $7.8 million position during the quarter. The other funds with new positions in the stock are Jeremy Green’s Redmile Group, Israel Englander’s Catapult Capital Management, and James Dondero’s Highland Capital Management.

What have insiders been doing with Capital Senior Living Corporation (NYSE:CSU)?

Bullish insider trading is best served when the company we’re looking at has seen transactions within the past half-year. Over the latest 180-day time frame, Capital Senior Living Corporation (NYSE:CSU) has seen zero unique insiders buying, and 9 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Capital Senior Living Corporation (NYSE:CSU). These stocks are Five Star Quality Care, Inc. (NYSE:FVE), Emeritus Corporation (NYSE:ESC), Kindred Healthcare, Inc. (NYSE:KND), National HealthCare Corporation (NYSEAMEX:NHC), and The Ensign Group, Inc. (NASDAQ:ENSG). All of these stocks are in the long-term care facilities industry and their market caps resemble CSU’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!