Hedge Funds Are Betting On US Ecology Inc. (ECOL)

Page 1 of 2

Is US Ecology Inc. (NASDAQ:ECOL) ready to rally soon? Money managers are in a bullish mood. The number of long hedge fund positions inched up by 5 lately.

US Ecology Inc. (NASDAQ:ECOL)In the eyes of most shareholders, hedge funds are assumed to be slow, old investment vehicles of years past. While there are over 8000 funds trading at the moment, we at Insider Monkey look at the masters of this group, close to 450 funds. Most estimates calculate that this group has its hands on most of the smart money’s total asset base, and by monitoring their highest performing investments, we have deciphered a few investment strategies that have historically outperformed the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Equally as important, optimistic insider trading activity is another way to parse down the stock market universe. As the old adage goes: there are lots of motivations for a corporate insider to sell shares of his or her company, but only one, very simple reason why they would behave bullishly. Various academic studies have demonstrated the useful potential of this tactic if shareholders understand what to do (learn more here).

Now, we’re going to take a glance at the latest action encompassing US Ecology Inc. (NASDAQ:ECOL).

Hedge fund activity in US Ecology Inc. (NASDAQ:ECOL)

Heading into Q2, a total of 12 of the hedge funds we track held long positions in this stock, a change of 71% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes considerably.

When looking at the hedgies we track, Renaissance Technologies, managed by Jim Simons, holds the largest position in US Ecology Inc. (NASDAQ:ECOL). Renaissance Technologies has a $3.7 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Renaissance Technologies’s heels is Israel Englander of Millennium Management, with a $2.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include D. E. Shaw’s D E Shaw, Chuck Royce’s Royce & Associates and Ken Griffin’s Citadel Investment Group.

As one would reasonably expect, some big names have jumped into US Ecology Inc. (NASDAQ:ECOL) headfirst. Bryn Mawr Capital, managed by Ken Gray and Steve Walsh, created the most outsized position in US Ecology Inc. (NASDAQ:ECOL). Bryn Mawr Capital had 0.3 million invested in the company at the end of the quarter. Paul Tudor Jones’s Tudor Investment Corp also made a $0.3 million investment in the stock during the quarter. The following funds were also among the new ECOL investors: Steven Cohen’s SAC Capital Advisors, Cliff Asness’s AQR Capital Management, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

How have insiders been trading US Ecology Inc. (NASDAQ:ECOL)?

Insider purchases made by high-level executives is most useful when the company we’re looking at has experienced transactions within the past 180 days. Over the latest six-month time period, US Ecology Inc. (NASDAQ:ECOL) has seen zero unique insiders buying, and 5 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to US Ecology Inc. (NASDAQ:ECOL). These stocks are Darling International Inc. (NYSE:DAR), Casella Waste Systems Inc. (NASDAQ:CWST), TRC Companies, Inc. (NYSE:TRR), Heckmann Corporation (NYSE:HEK), and EnergySolutions, Inc. (NYSE:ES). This group of stocks belong to the waste management industry and their market caps are similar to ECOL’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!