Hedge Funds Are Buying The Western Union Company (NYSE:WU)

Is The Western Union Company (NYSE:WU) the right pick for your portfolio? The smart money is turning bullish. The number of bullish hedge fund positions advanced by 5 lately.

Western Union

In today’s marketplace, there are dozens of gauges shareholders can use to analyze Mr. Market. Some of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top fund managers can outperform their index-focused peers by a solid margin (see just how much).

Just as key, bullish insider trading sentiment is another way to break down the marketplace. Just as you’d expect, there are a variety of motivations for an insider to downsize shares of his or her company, but only one, very obvious reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this tactic if piggybackers know where to look (learn more here).

With these “truths” under our belt, let’s take a look at the key action encompassing The Western Union Company (NYSE:WU).

What does the smart money think about The Western Union Company (NYSE:WU)?

In preparation for this year, a total of 33 of the hedge funds we track were long in this stock, a change of 18% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes substantially.

When looking at the hedgies we track, John Shapiro’s Chieftain Capital had the largest position in The Western Union Company (NYSE:WU), worth close to $207 million, accounting for 16.4% of its total 13F portfolio. On Chieftain Capital’s heels is Omega Advisors, managed by Leon Cooperman, which held a $58 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include Ken Griffin’s Citadel Investment Group, John W. Rogers’s Ariel Investments and Tony Chedraoui’s Tyrus Capital.

As one would reasonably expect, key money managers were breaking ground themselves. Tyrus Capital, managed by Tony Chedraoui, assembled the most valuable position in The Western Union Company (NYSE:WU). Tyrus Capital had 36 million invested in the company at the end of the quarter. Jeffrey Vinik’s Vinik Asset Management also made a $15 million investment in the stock during the quarter. The other funds with brand new WU positions are Glenn Russell Dubin’s Highbridge Capital Management, Mario Cibelli’s Marathon Partners, and Kevin Michael Ulrich’s Anchorage Advisors.

What have insiders been doing with The Western Union Company (NYSE:WU)?

Insider buying is particularly usable when the company in focus has experienced transactions within the past 180 days. Over the last six-month time period, The Western Union Company (NYSE:WU) has experienced 5 unique insiders buying, and zero insider sales (see the details of insider trades here).

With the returns demonstrated by our research, everyday investors must always watch hedge fund and insider trading sentiment, and The Western Union Company (NYSE:WU) 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

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

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

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!