Virgin Media Inc. (NASDAQ:VMED) has seen an increase in support from the world's most elite money managers of late.
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Just as key, optimistic insider trading sentiment is a second way to break down the world of equities. Just as you'd expect, there are lots of stimuli for an insider to sell shares of his or her company, but only one, very simple reason why they would buy. Plenty of empirical studies have demonstrated the valuable potential of this method if "monkeys" understand what to do (learn more here).
Now, we're going to take a peek at the key action surrounding Virgin Media Inc. (NASDAQ:VMED).
Heading into Q2, a total of 59 of the hedge funds we track were long in this stock, a change of 64% from the first quarter.
Now, key money managers have been driving this bullishness. Third Point, managed by Dan Loeb, assembled the most valuable position in Virgin Media Inc. (NASDAQ:VMED). Third Point had 538.7 million invested in the company at the end of the quarter. Thomas Steyer's Farallon Capital also initiated a $386.9 million position during the quarter. The other funds with brand new VMED positions are Stephen Mandel's Lone Pine Capital, Nick Niell's Arrowgrass Capital Partners, and Robert Emil Zoellner's Alpine Associates.
Insider buying is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the latest six-month time period, Virgin Media Inc. (NASDAQ:VMED) has seen zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).
Let's also examine hedge fund and insider activity in other stocks similar to Virgin Media Inc. (NASDAQ:VMED). These stocks are Discovery Communications Inc. (NASDAQ:DISCA), Liberty Global Inc. (NASDAQ:LBTYA), DISH Network Corp. (NASDAQ:DISH), Charter Communications, Inc. (NASDAQ:CHTR), and Shaw Communications Inc (USA) (NYSE:SJR). This group of stocks are the members of the catv systems industry and their market caps are similar to VMED's market cap.