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Hyster-Yale Materials Handling Inc (HY): Hedge Funds Are Bearish and Insiders Are Undecided, What Should You Do?

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Now, according to many of your fellow readers, hedge funds are perceived as overrated, outdated investment vehicles of a forgotten age. Although there are In excess of 8,000 hedge funds with their doors open in present day, this site aim at the moguls of this club, about 525 funds. Analysts calculate that this group oversees the lion’s share of the smart money’s total assets, and by paying attention to their best equity investments, we’ve brought to light a number of investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 33 percentage points in 11 months (find the details here).

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Thus, let’s study the latest info for Hyster-Yale Materials Handling Inc (NYSE:HY).

What have hedge funds been doing with Hyster-Yale Materials Handling Inc (NYSE:HY)?

In preparation for the third quarter, a total of 12 of the hedge funds we track held long positions in this stock, a change of -14% from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were upping their holdings meaningfully.

Hyster-Yale Materials Handling Inc (NYSE:HY)Out of the hedge funds we follow, Impala Asset Management, managed by Robert Bishop, holds the largest position in Hyster-Yale Materials Handling Inc (NYSE:HY). Impala Asset Management has a $18.7 million position in the stock, comprising 1% of its 13F portfolio. The second largest stake is held by Third Avenue Management, managed by Martin Whitman, which held a $11.7 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Ric Dillon’s Diamond Hill Capital, David Dreman’s Dreman Value Management and Chuck Royce’s Royce & Associates.

Since Hyster-Yale Materials Handling Inc (NYSE:HY) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there were a few hedge funds that elected to cut their full holdings last quarter. Intriguingly, Neil Chriss’s Hutchin Hill Capital sold off the largest position of the “upper crust” of funds we monitor, worth close to $0.6 million in stock, and Israel Englander of Millennium Management was right behind this move, as the fund dumped about $0.5 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 2 funds last quarter.

How have insiders been trading Hyster-Yale Materials Handling Inc (NYSE:HY)?

Insider buying made by high-level executives is particularly usable when the company we’re looking at has experienced transactions within the past half-year. Over the latest 180-day time period, Hyster-Yale Materials Handling Inc (NYSE:HY) has experienced 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 Hyster-Yale Materials Handling Inc (NYSE:HY). These stocks are Oshkosh Corporation (NYSE:OSK), Spartan Motors Inc (NASDAQ:SPAR), Navistar International Corp (NYSE:NAV), Accuride Corporation (NYSE:ACW), and Wabash National Corporation (NYSE:WNC). This group of stocks belong to the trucks & other vehicles industry and their market caps resemble HY’s market cap.

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