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.

Here is What Hedge Funds Think About Haverty Furniture Companies, Inc. (HVT)

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 Haverty Furniture Companies, Inc. (NYSE:HVT) based on those filings.

Haverty Furniture Companies, Inc. (NYSE:HVT) investors should pay attention to an increase in hedge fund sentiment recently. HVT was in 12 hedge funds’ portfolios at the end of September. There were 11 hedge funds in our database with HVT positions at the end of the previous quarter. At the end of this article we will also compare HVT to other stocks, including Unifi, Inc. (NYSE:UFI), Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI), and Epizyme Inc (NASDAQ:EPZM) to get a better sense of its popularity.

Follow Haverty Furniture Companies Inc (NYSE:HVT)
Trade (NYSE:HVT) Now!

To the average investor there are tons of signals market participants can use to appraise their stock investments. Some of the less utilized signals are hedge fund and insider trading sentiment. We have shown that, historically, those who follow the best picks of the elite fund managers can trounce their index-focused peers by a superb amount (see the details here).

With all of this in mind, let’s take a glance at the new action surrounding Haverty Furniture Companies, Inc. (NYSE:HVT).

Hedge fund activity in Haverty Furniture Companies, Inc. (NYSE:HVT)

At the end of the third quarter, a total of 12 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 9% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Chuck Royce’s Royce & Associates has the largest position in Haverty Furniture Companies, Inc. (NYSE:HVT), worth close to $34.9 million, comprising 0.2% of its total 13F portfolio. Coming in second is Renaissance Technologies, with a $25.5 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions encompass Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Cliff Asness’ AQR Capital Management and D. E. Shaw’s D E Shaw.

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!