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 Aren’t Crazy About AllianceBernstein Holding LP (AB) Anymore

Page 1 of 2

Is AllianceBernstein Holding LP (NYSE:AB) a buy, sell, or hold? The smart money is in a pessimistic mood. The number of bullish hedge fund bets went down by 1 lately.

In the 21st century investor’s toolkit, there are plenty of indicators shareholders can use to track Mr. Market. Two of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top hedge fund managers can beat the S&P 500 by a superb amount (see just how much).

Mario Gabelli

Just as beneficial, optimistic insider trading activity is another way to parse down the investments you’re interested in. There are plenty of incentives for an upper level exec to downsize shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this strategy if you know what to do (learn more here).

With all of this in mind, it’s important to take a gander at the key action encompassing AllianceBernstein Holding LP (NYSE:AB).

What have hedge funds been doing with AllianceBernstein Holding LP (NYSE:AB)?

At the end of the fourth quarter, a total of 8 of the hedge funds we track were bullish in this stock, a change of -11% from the third quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their stakes substantially.

According to our comprehensive database, Royce & Associates, managed by Chuck Royce, holds the largest position in AllianceBernstein Holding LP (NYSE:AB). Royce & Associates has a $87.1 million position in the stock, comprising 0.3% of its 13F portfolio. The second largest stake is held by Mario Gabelli of GAMCO Investors, with a $12 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining hedgies that hold long positions include John A. Levin’s Levin Capital Strategies, Robert B. Gillam’s McKinley Capital Management and Charles Davidson’s Wexford Capital.

Since AllianceBernstein Holding LP (NYSE:AB) has experienced bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there were a few hedge funds who sold off their positions entirely at the end of the year. Interestingly, Himanshu H. Shah’s Shah Capital Management dumped the largest stake of the 450+ funds we watch, totaling about $2.2 million in stock.. Jacob Gottlieb’s fund, Visium Asset Management, also dumped its stock, about $0.2 million worth. These transactions are interesting, as total hedge fund interest fell by 1 funds at the end of the year.

How are insiders trading AllianceBernstein Holding LP (NYSE:AB)?

Insider purchases made by high-level executives is most useful when the company in question has experienced transactions within the past six months. Over the last 180-day time period, AllianceBernstein Holding LP (NYSE:AB) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to AllianceBernstein Holding LP (NYSE:AB). These stocks are Cohen & Steers, Inc. (NYSE:CNS), Financial Engines Inc (NASDAQ:FNGN), Fortress Investment Group LLC (NYSE:FIG), Janus Capital Group Inc (NYSE:JNS), and Federated Investors Inc (NYSE:FII). All of these stocks are in the asset management industry and their market caps are similar to AB’s market cap.

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...

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!