Hedge Funds Are Buying Sirona Dental Systems, Inc. (NASDAQ:SIRO)

Is Sirona Dental Systems, Inc. (NASDAQ:SIRO) a buy, sell, or hold? Prominent investors are taking a bullish view. The number of bullish hedge fund positions improved by 1 recently.

According to most stock holders, hedge funds are seen as underperforming, old investment tools of years past. While there are greater than 8000 funds trading at the moment, we look at the upper echelon of this club, around 450 funds. It is estimated that this group controls the majority of all hedge funds’ total capital, and by monitoring their top investments, we have identified a number of investment strategies that have historically outstripped the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points annually 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 topped the S&P 500 index by 25 percentage points in 6.5 month (check out a sample of our picks).

Sirona Dental Systems, Inc. (NASDAQ:SIRO)

Equally as key, positive insider trading sentiment is a second way to break down the financial markets. Just as you’d expect, there are a variety of motivations for an insider to downsize shares of his or her company, but just one, very obvious reason why they would buy. Many empirical studies have demonstrated the useful potential of this method if you know where to look (learn more here).

Now, let’s take a peek at the recent action surrounding Sirona Dental Systems, Inc. (NASDAQ:SIRO).

How are hedge funds trading Sirona Dental Systems, Inc. (NASDAQ:SIRO)?

At year’s end, a total of 23 of the hedge funds we track held long positions in this stock, a change of 5% from one quarter earlier. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their stakes considerably.

Of the funds we track, Eminence Capital, managed by Ricky Sandler, holds the largest position in Sirona Dental Systems, Inc. (NASDAQ:SIRO). Eminence Capital has a $95 million position in the stock, comprising 2.8% of its 13F portfolio. Sitting at the No. 2 spot is Christopher Medlock James of Partner Fund Management, with a $48 million position; 0% of its 13F portfolio is allocated to the stock. Other peers that are bullish include David Stemerman’s Conatus Capital Management, Donald Chiboucis’s Columbus Circle Investors and Ken Griffin’s Citadel Investment Group.

As one would reasonably expect, some big names have been driving this bullishness. Renaissance Technologies, managed by Jim Simons, established the most valuable position in Sirona Dental Systems, Inc. (NASDAQ:SIRO). Renaissance Technologies had 7 million invested in the company at the end of the quarter. Drew Cupps’s Cupps Capital Management also initiated a $3 million position during the quarter. The following funds were also among the new SIRO investors: Neil Chriss’s Hutchin Hill Capital, Cliff Asness’s AQR Capital Management, and Glenn Russell Dubin’s Highbridge Capital Management.

How have insiders been trading Sirona Dental Systems, Inc. (NASDAQ:SIRO)?

Insider buying is at its handiest when the company in question has seen transactions within the past six months. Over the latest six-month time period, Sirona Dental Systems, Inc. (NASDAQ:SIRO) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

With the results exhibited by our research, everyday investors should always pay attention to hedge fund and insider trading activity, and Sirona Dental Systems, Inc. (NASDAQ:SIRO) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!