Hedge Funds Aren’t Crazy About Ann Inc (ANN) Anymore

Page 1 of 2

At the moment, there are dozens of indicators market participants can use to monitor Mr. Market. A duo of the most useful are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top money managers can outclass the broader indices by a significant margin (see just how much).

Just as crucial, bullish insider trading sentiment is another way to look at the financial markets. There are a number of stimuli for a corporate insider to drop shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the impressive potential of this strategy if investors understand what to do (learn more here).

Keeping this in mind, let’s study the newest info for Ann Inc (NYSE:ANN).

How have hedgies been trading Ann Inc (NYSE:ANN)?

At Q2′s end, a total of 17 of the hedge funds we track were long in this stock, a change of -11% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes considerably.

Ann Inc (NYSE:ANN)According to our 13F database, Eminence Capital, managed by Ricky Sandler, holds the biggest position in Ann Inc (NYSE:ANN). Eminence Capital has a $54.1 million position in the stock, comprising 1.3% of its 13F portfolio. Sitting at the No. 2 spot is Citadel Investment Group, managed by Ken Griffin, which held a $52.7 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Clint Carlson’s Carlson Capital and Steven Cohen’s SAC Capital Advisors.

Judging by the fact that Ann Inc (NYSE:ANN) has faced dropping sentiment from the top-tier hedge fund industry, we can see that there were a few hedge funds who sold off their full holdings in Q1. At the top of the heap, Brett Barakett’s Tremblant Capital sold off the largest investment of the 450+ funds we track, worth close to $25.7 million in stock. John Overdeck and David Siegel’s fund, Two Sigma Advisors, also sold off its stock, about $2.3 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 2 funds in Q1.

Insider trading activity in Ann Inc (NYSE:ANN)

Legal insider trading, particularly when it’s bullish, is at its handiest when the company in question has experienced transactions within the past six months. Over the latest half-year time period, Ann Inc (NYSE:ANN) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Ann Inc (NYSE:ANN). These stocks are The Men’s Wearhouse, Inc. (NYSE:MW), Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), Wacoal Holdings Corporation (ADR) (NASDAQ:WACLY), Express, Inc. (NYSE:EXPR), and Genesco Inc. (NYSE:GCO). All of these stocks are in the apparel stores industry and their market caps are closest to ANN’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations 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!