US Airways Group, Inc. (NYSE:LCC) was in 47 hedge funds’ portfolio at the end of March. LCC has seen an increase in hedge fund interest lately. There were 37 hedge funds in our database with LCC holdings at the end of the previous quarter.
At the moment, there are tons of indicators investors can use to track stocks. A duo of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite hedge fund managers can outclass the S&P 500 by a solid amount (see just how much).
Equally as beneficial, optimistic insider trading sentiment is another way to parse down the world of equities. There are many stimuli for an upper level exec to cut shares of his or her company, but just one, very simple reason why they would buy. Various academic studies have demonstrated the valuable potential of this tactic if shareholders know where to look (learn more here).
Now, let’s take a glance at the latest action surrounding US Airways Group, Inc. (NYSE:LCC).
Hedge fund activity in US Airways Group, Inc. (NYSE:LCC)
At Q1′s end, a total of 47 of the hedge funds we track were bullish in this stock, a change of 27% from one quarter earlier. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their holdings meaningfully.
When looking at the hedgies we track, BlueCrest Capital Mgmt., managed by Michael Platt and William Reeves, holds the biggest position in US Airways Group, Inc. (NYSE:LCC). BlueCrest Capital Mgmt. has a $424.3 million call position in the stock, comprising 37.9% of its 13F portfolio. On BlueCrest Capital Mgmt.’s heels is David Tepper of Appaloosa Management LP, with a $181.5 million position; the fund has 3.8% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include George Soros’s Soros Fund Management, Randall Smith’s Alden Global Capital and Anthony Bozza’s Lakewood Capital Management.
As one would reasonably expect, specific money managers have jumped into US Airways Group, Inc. (NYSE:LCC) headfirst. Lakewood Capital Management, managed by Anthony Bozza, assembled the biggest call position in US Airways Group, Inc. (NYSE:LCC). Lakewood Capital Management had 42.6 million invested in the company at the end of the quarter. Donald Chiboucis’s Columbus Circle Investors also made a $26.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Michael A. Price and Amos Meron’s Empyrean Capital Partners, Michael A. Price and Amos Meron’s Empyrean Capital Partners, and Bart Baum’s Ionic Capital Management.
How have insiders been trading US Airways Group, Inc. (NYSE:LCC)?
Insider buying is at its handiest when the company in focus has seen transactions within the past six months. Over the last half-year time period, US Airways Group, Inc. (NYSE:LCC) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to US Airways Group, Inc. (NYSE:LCC). These stocks are Delta Air Lines, Inc. (NYSE:DAL), United Continental Holdings Inc (NYSE:UAL), and Spirit Airlines Incorporated (NASDAQ:SAVE). This group of stocks are the members of the major airlines industry and their market caps are similar to LCC’s market cap.