Hedge Funds Are Crazy About Corinthian Colleges Inc (NASDAQ:COCO)

Is Corinthian Colleges Inc (NASDAQ:COCO) a marvelous investment right now? Investors who are in the know are turning bullish. The number of bullish hedge fund positions advanced by 2 in recent months.

In the financial world, there are tons of gauges investors can use to watch their holdings. A pair of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top money managers can trounce the broader indices by a superb amount (see just how much).

Corinthian Colleges Inc (NASDAQ:COCO)Equally as important, bullish insider trading activity is a second way to parse down the stock market universe. Obviously, there are many motivations for a corporate insider to get rid of shares of his or her company, but just one, very obvious reason why they would buy. Plenty of academic studies have demonstrated the market-beating potential of this strategy if investors understand where to look (learn more here).

Now, we’re going to take a look at the recent action regarding Corinthian Colleges Inc (NASDAQ:COCO).

How have hedgies been trading Corinthian Colleges Inc (NASDAQ:COCO)?

In preparation for this year, a total of 19 of the hedge funds we track held long positions in this stock, a change of 12% from the previous quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes significantly.

According to our comprehensive database, AQR Capital Management, managed by Cliff Asness, holds the largest position in Corinthian Colleges Inc (NASDAQ:COCO). AQR Capital Management has a $10 million position in the stock, comprising 0% of its 13F portfolio. On AQR Capital Management’s heels is Chuck Royce of Royce & Associates, with a $10 million position; the fund has 0% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include Lisa Rapuano’s Lane Five Capital, Robert Pitts’s Steadfast Capital Management and Himanshu H. Shah’s Shah Capital Management.

As industrywide interest jumped, key hedge funds were breaking ground themselves. Bryn Mawr Capital, managed by Ken Gray and Steve Walsh, established the biggest position in Corinthian Colleges Inc (NASDAQ:COCO). Bryn Mawr Capital had 0 million invested in the company at the end of the quarter. Charles Davidson’s Wexford Capital also initiated a $0 million position during the quarter. The following funds were also among the new COCO investors: D. E. Shaw’s D E Shaw and Thomas Bailard’s Bailard Inc.

Insider trading activity in Corinthian Colleges Inc (NASDAQ:COCO)

Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest 180-day time frame, Corinthian Colleges Inc (NASDAQ:COCO) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

With the results demonstrated by our time-tested strategies, retail investors must always watch hedge fund and insider trading sentiment, and Corinthian Colleges Inc (NASDAQ:COCO) applies perfectly to this mantra.

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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!