Altra Holdings, Inc. (NASDAQ:AIMC) shareholders have witnessed a decrease in enthusiasm from smart money in recent months.
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Keeping this in mind, let’s take a peek at the key action encompassing Altra Holdings, Inc. (NASDAQ:AIMC).
What have hedge funds been doing with Altra Holdings, Inc. (NASDAQ:AIMC)?
Heading into Q2, a total of 8 of the hedge funds we track were long in this stock, a change of -11% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their stakes substantially.
Of the funds we track, Jim Simons’s Renaissance Technologies had the biggest position in Altra Holdings, Inc. (NASDAQ:AIMC), worth close to $3.6 million, comprising less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is Catapult Capital Management, managed by Israel Englander, which held a $2.5 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Cliff Asness’s AQR Capital Management, Joel Greenblatt’s Gotham Asset Management and Israel Englander’s Millennium Management.
Seeing as Altra Holdings, Inc. (NASDAQ:AIMC) has experienced bearish sentiment from the aggregate hedge fund industry, we can see that there was a specific group of hedgies that decided to sell off their entire stakes at the end of the first quarter. At the top of the heap, Alexander Mitchell’s Scopus Asset Management dumped the largest investment of the “upper crust” of funds we watch, worth an estimated $0.6 million in stock.. D. E. Shaw’s fund, D E Shaw, also sold off its stock, about $0.5 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 1 funds at the end of the first quarter.
What do corporate executives and insiders think about Altra Holdings, Inc. (NASDAQ:AIMC)?
Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past 180 days. Over the last six-month time frame, Altra Holdings, Inc. (NASDAQ:AIMC) has seen zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Altra Holdings, Inc. (NASDAQ:AIMC). These stocks are OSI Systems, Inc. (NASDAQ:OSIS), Daktronics, Inc. (NASDAQ:DAKT), GrafTech International Ltd (NYSE:GTI), Powell Industries, Inc. (NASDAQ:POWL), and Hollysys Automation Technologies Ltd (NASDAQ:HOLI). This group of stocks are the members of the industrial electrical equipment industry and their market caps are similar to AIMC’s market cap.