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.

Is Avista Corp (AVA) Going to Burn These Hedge Funds?

Page 1 of 2

In the financial world, there are plenty of metrics market participants can use to track Mr. Market. Two of the most useful are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best investment managers can beat the market by a very impressive margin (see just how much).

Just as useful, optimistic insider trading activity is another way to look at the marketplace. There are plenty of stimuli for an executive to cut shares of his or her company, but just one, very clear reason why they would initiate a purchase. Many academic studies have demonstrated the impressive potential of this strategy if you understand what to do (learn more here).

Avista Corp (NYSE:AVA)

Furthermore, let’s discuss the recent info for Avista Corp (NYSE:AVA).

How have hedgies been trading Avista Corp (NYSE:AVA)?

Heading into Q3, a total of 12 of the hedge funds we track were bullish in this stock, a change of 9% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their holdings meaningfully.

When using filings from the hedgies we track, Ken Fisher’s Fisher Asset Management had the biggest position in Avista Corp (NYSE:AVA), worth close to $27 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Phill Gross and Robert Atchinson of Adage Capital Management, with a $16.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and Cliff Asness’s AQR Capital Management.

As industrywide interest increased, certain money managers have jumped into Avista Corp (NYSE:AVA) headfirst. Fisher Asset Management, managed by Ken Fisher, initiated the most outsized position in Avista Corp (NYSE:AVA). Fisher Asset Management had 27 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also made a $16.2 million investment in the stock during the quarter. The following funds were also among the new AVA investors: Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management, and Cliff Asness’s AQR Capital Management.

How are insiders trading Avista Corp (NYSE:AVA)?

Bullish insider trading is particularly usable when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time frame, Avista Corp (NYSE:AVA) has seen 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 Avista Corp (NYSE:AVA). These stocks are Otter Tail Corporation (NASDAQ:OTTR), MGE Energy, Inc. (NASDAQ:MGEE), ALLETE Inc (NYSE:ALE), PNM Resources, Inc. (NYSE:PNM), and NorthWestern Corp (NYSE:NWE). This group of stocks belong to the diversified utilities industry and their market caps match AVA’s market cap.

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...

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!