Here is What Hedge Funds Think About JDS Uniphase Corp (JDSU)

Page 1 of 2

Is JDS Uniphase Corp (NASDAQ:JDSU) a safe investment now? The smart money is reducing their bets on the stock. The number of bullish hedge fund positions were cut by 2 in recent months.

At the moment, there are tons of methods market participants can use to analyze stocks. A pair of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best hedge fund managers can beat their index-focused peers by a very impressive margin (see just how much).

JDS Uniphase CorpJust as beneficial, bullish insider trading sentiment is a second way to break down the stock market universe. Just as you’d expect, there are lots of stimuli for an insider to get rid of shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of empirical studies have demonstrated the valuable potential of this method if shareholders understand where to look (learn more here).

Now, it’s important to take a gander at the recent action encompassing JDS Uniphase Corp (NASDAQ:JDSU).

How have hedgies been trading JDS Uniphase Corp (NASDAQ:JDSU)?

Heading into Q2, a total of 22 of the hedge funds we track were bullish in this stock, a change of -8% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings substantially.

When looking at the hedgies we track, Empire Capital Management, managed by Scott Fine and Peter Richards, holds the most valuable position in JDS Uniphase Corp (NASDAQ:JDSU). Empire Capital Management has a $31.5 million position in the stock, comprising 3% of its 13F portfolio. Sitting at the No. 2 spot is Israel Englander of Millennium Management, with a $18.8 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining peers with similar optimism include Glenn Russell Dubin’s Highbridge Capital Management, Ken Griffin’s Citadel Investment Group and Brian Ashford-Russell and Tim Woolley’s Polar Capital.

Since JDS Uniphase Corp (NASDAQ:JDSU) has experienced falling interest from the smart money, it’s safe to say that there exists a select few funds who sold off their positions entirely last quarter. At the top of the heap, Mark Broach’s Manatuck Hill Partners cut the biggest stake of all the hedgies we watch, worth close to $20.1 million in stock., and SAC Subsidiary of Sigma Capital Management was right behind this move, as the fund dropped about $7.2 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 2 funds last quarter.

Insider trading activity in JDS Uniphase Corp (NASDAQ:JDSU)

Bullish insider trading is best served when the company we’re looking at has experienced transactions within the past six months. Over the latest six-month time frame, JDS Uniphase Corp (NASDAQ:JDSU) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to JDS Uniphase Corp (NASDAQ:JDSU). These stocks are Acme Packet, Inc. (NASDAQ:APKT), Exelis Inc (NYSE:XLS), ViaSat, Inc. (NASDAQ:VSAT), Echostar Corporation (NASDAQ:SATS), and Alcatel Lucent SA (ADR) (NYSE:ALU). All of these stocks are in the communication equipment industry and their market caps are closest to JDSU’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 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!