Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN) was in 10 hedge funds’ portfolio at the end of March. HMIN investors should be aware of a decrease in activity from the world’s largest hedge funds lately. There were 11 hedge funds in our database with HMIN holdings at the end of the previous quarter.
In today’s marketplace, there are tons of metrics shareholders can use to track stocks. A couple of the most useful are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite investment managers can outpace the market by a healthy margin (see just how much).
Just as important, bullish insider trading sentiment is a second way to parse down the investments you’re interested in. As the old adage goes: there are many incentives for an upper level exec to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Plenty of empirical studies have demonstrated the market-beating potential of this strategy if shareholders understand what to do (learn more here).
Now, it’s important to take a gander at the latest action regarding Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN).
Hedge fund activity in Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN)
At the end of the first quarter, a total of 10 of the hedge funds we track were long in this stock, a change of -9% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings substantially.
According to our comprehensive database, Brookside Capital, managed by Bain Capital, holds the most valuable position in Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN). Brookside Capital has a $36.4 million position in the stock, comprising 0.8% of its 13F portfolio. Sitting at the No. 2 spot is Tremblant Capital, managed by Brett Barakett, which held a $35.3 million position; the fund has 1.7% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include Steven Cohen’s SAC Capital Advisors, George Soros’s Soros Fund Management and Donald Chiboucis’s Columbus Circle Investors.
Due to the fact that Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN) has witnessed bearish sentiment from hedge fund managers, it’s safe to say that there is a sect of money managers who were dropping their entire stakes at the end of the first quarter. Intriguingly, Daniel S. Och’s OZ Management sold off the largest investment of the “upper crust” of funds we watch, totaling an estimated $13.3 million in stock.. Lei Zhang’s fund, Hillhouse Capital Management, also dumped its stock, about $4.5 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 1 funds at the end of the first quarter.
How are insiders trading Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN)?
Bullish insider trading is particularly usable when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time frame, Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN). These stocks are 7 DAYS GROUP HOLDINGS LIMITED (ADR) (NYSE:SVN), Choice Hotels International, Inc. (NYSE:CHH), Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP), China Lodging Group, Ltd (ADR) (NASDAQ:HTHT), and Orient-Express Hotels Ltd. (NYSE:OEH). This group of stocks are the members of the lodging industry and their market caps are similar to HMIN’s market cap.