Do Hedge Funds and Insiders Love Carnival plc (ADR) (CUK)?

Page 1 of 2

Is Carnival plc (ADR) (NYSE:CUK) the right pick for your portfolio? Investors who are in the know are becoming less hopeful. The number of bullish hedge fund bets were cut by 3 recently.

In today’s marketplace, there are tons of metrics investors can use to track stocks. A duo of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top fund managers can beat the S&P 500 by a very impressive margin (see just how much).

Carnival plc (ADR) (NYSE:CUK)

Just as key, bullish insider trading sentiment is another way to break down the investments you’re interested in. Just as you’d expect, there are a variety of stimuli for an upper level exec to sell shares of his or her company, but only one, very obvious reason why they would buy. Many academic studies have demonstrated the useful potential of this method if “monkeys” understand where to look (learn more here).

Keeping this in mind, it’s important to take a gander at the key action surrounding Carnival plc (ADR) (NYSE:CUK).

Hedge fund activity in Carnival plc (ADR) (NYSE:CUK)

Heading into 2013, a total of 4 of the hedge funds we track held long positions in this stock, a change of -43% from the previous quarter.

Seeing as Carnival plc (ADR) (NYSE:CUK) has witnessed declining sentiment from the entirety of the hedge funds we track, it’s easy to see that there were a few funds who sold off their positions entirely at the end of the year. Interestingly, Cliff Asness’s AQR Capital Management dropped the largest investment of the “upper crust” of funds we monitor, worth about $8.5 million in stock.. Michael Hintze’s fund, CQS Cayman LP, also sold off its stock, about $3.8 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest was cut by 3 funds at the end of the year.

How have insiders been trading Carnival plc (ADR) (NYSE:CUK)?

Insider buying is particularly usable when the company we’re looking at has seen transactions within the past 180 days. Over the last half-year time frame, Carnival plc (ADR) (NYSE:CUK) has experienced zero unique insiders buying, and 11 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Carnival plc (ADR) (NYSE:CUK). These stocks are MakeMyTrip Limited (NASDAQ:MMYT), Orbitz Worldwide, Inc. (NYSE:OWW), Cedar Fair, L.P. (NYSE:FUN), Six Flags Entertainment Corp (NYSE:SIX), and Priceline.com Inc (NASDAQ:PCLN). This group of stocks are in the general entertainment industry and their market caps are similar to CUK’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

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

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

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!