Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Crazy About Stericycle Inc (SRCL)

Page 1 of 2

Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the third quarter. Among them, Valeant and Micron ranked among the top 30 picks and both lost around 20%. Citigroup, which was the third most popular stock, lost 10% amid uncertainty regarding the interest rates. Nevertheless, our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. This is why following the smart money sentiment is a useful tool in identifying the next stock to invest in.

Stericycle Inc (NASDAQ:SRCL) investors should be aware of an increase in hedge fund sentiment in recent months. Stericycle Inc (NASDAQ:SRCL) was in 34 hedge funds’ portfolios at the end of September. There were 18 hedge funds in our database with Stericycle Inc (NASDAQ:SRCL) positions at the end of the previous quarter. At the end of this article, we will also compare Stericycle Inc (NASDAQ:SRCL) to other stocks, including Cameron International Corporation (NYSE:CAM), Entergy Corporation (NYSE:ETR), and Noble Energy, Inc. (NYSE:NBL) to get a better sense of its popularity.

Follow Stericycle Inc (NASDAQ:SRCL)
Trade (NASDAQ:SRCL) Now!

Today there are a multitude of gauges shareholders employ to evaluate publicly traded companies. A pair of the less known gauges are hedge fund and insider trading activity. Our researchers have shown that, historically, those who follow the top picks of the elite investment managers can outclass the S&P 500 by a superb amount (see the details here).

Now, we’re going to view the recent action surrounding Stericycle Inc (NASDAQ:SRCL).

How are hedge funds trading Stericycle Inc (NASDAQ:SRCL)?

At the end of September, a total of 34 of the hedge funds tracked by Insider Monkey were bullish on this stock, an increase of 89% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Healthcor Management LP, managed by Arthur B Cohen and Joseph Healey, holds the biggest position in Stericycle Inc (NASDAQ:SRCL). Healthcor Management LP has a $108 million position in the stock, comprising 6.1% of its 13F portfolio. The second most bullish fund manager is Impax Asset Management, led by Ian Simm, holding an $43.7 million position; the fund has 3% of its 13F portfolio invested in the stock. The remaining peers with similar optimism include Greg Poole’s Echo Street Capital Management, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, and Daniel S. Och’s OZ Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!