Does Verisk Analytics, Inc. (NASDAQ:VRSK) represent a good buying opportunity at the moment? Let’s briefly check the hedge fund sentiment towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail unconceivably on some occasions, but their stock picks have been generating superior risk-adjusted returns on average over the years.
Verisk Analytics, Inc. (NASDAQ:VRSK) investors should be aware of a decrease in hedge fund sentiment in recent months. VRSK was in 28 hedge funds’ portfolios at the end of September. There were 37 hedge funds in our database with VRSK holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Enersis S.A. (ADR) (NYSE:ENI), Universal Health Services, Inc. (NYSE:UHS), and CarMax, Inc (NYSE:KMX) to gather more data points.
Now, let’s analyze the fresh action encompassing Verisk Analytics, Inc. (NASDAQ:VRSK).
How are hedge funds trading Verisk Analytics, Inc. (NASDAQ:VRSK)?
Heading into Q4, a total of 28 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -24% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Akre Capital Management, managed by Charles Akre, holds the biggest position in Verisk Analytics, Inc. (NASDAQ:VRSK). Akre Capital Management has an $158.2 million position in the stock, comprising 3.7% of its 13F portfolio. Coming in second is Berkshire Hathaway, managed by Warren Buffett, which holds an $115.6 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds and institutional investors that are bullish consist of D E Shaw, Jim Simons’ Renaissance Technologies and Panayotis Takis Sparaggis’s Alkeon Capital Management.