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 United Community Banks Inc (UCBI) Anymore

Page 1 of 2

The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings discloses the funds’ positions on September 30. We at Insider Monkey have made an extensive database of more than 700 of those elite funds and prominent investors’ filings. In this article, we analyze how these elite funds and prominent investors traded United Community Banks Inc (NASDAQ:UCBI) based on those filings.

United Community Banks Inc (NASDAQ:UCBI) has experienced a decrease in hedge fund interest in recent months. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Global Blood Therapeutics Inc (NASDAQ:GBT), Multi-Color Corporation (NASDAQ:LABL), and M.D.C. Holdings, Inc. (NYSE:MDC) to gather more data points.

Follow United Community Banks Inc (NASDAQ:UCBI)
Trade (NASDAQ:UCBI) Now!

To the average investor, there are tons of indicators stock traders use to analyze their stock investments. A couple of the most innovative indicators are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the top picks of the top money managers can outperform the market by a superb margin (see the details here).

Keeping this in mind, we’re going to check out the key action regarding United Community Banks Inc (NASDAQ:UCBI).

How are hedge funds trading United Community Banks Inc (NASDAQ:UCBI)?

Heading into Q4, a total of 15 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -21% from the second quarter. With hedge funds’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Corsair Capital LLC, managed by D.T. Ignacio Jayanti, holds the most valuable position in United Community Banks Inc (NASDAQ:UCBI). Corsair Capital LLC has a $210.5 million position in the stock, comprising 53.1% of its 13F portfolio. Coming in second is Israel Englander’s Millennium Management, with a $38.8 million position; 0.1% of its 13F portfolio is allocated to the stock. The remaining members of the smart money with similar optimism comprise Jim Simons’ Renaissance Technologies, Cliff Asness’ AQR Capital Management and Dmitry Balyasny’s Balyasny Asset 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!