Is Hertz Global Holdings, Inc. (NYSE:HTZ) Going to Burn These Hedge Funds?

Is Hertz Global Holdings, Inc. (NYSE:HTZ) the right pick for your portfolio? Prominent investors are becoming hopeful. The number of long hedge fund bets improved by 8 in recent months.

At the moment, there are dozens of gauges market participants can use to track stocks. Two of the best are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite money managers can outclass the market by a superb margin (see just how much).

Hertz Global Holdings, Inc. (NYSE:HTZ)

Equally as beneficial, optimistic insider trading sentiment is a second way to parse down the world of equities. As the old adage goes: there are lots of motivations for a corporate insider to get rid of shares of his or her company, but just one, very clear reason why they would behave bullishly. Many empirical studies have demonstrated the impressive potential of this tactic if “monkeys” understand what to do (learn more here).

Consequently, let’s take a look at the recent action surrounding Hertz Global Holdings, Inc. (NYSE:HTZ).

What have hedge funds been doing with Hertz Global Holdings, Inc. (NYSE:HTZ)?

Heading into 2013, a total of 50 of the hedge funds we track were bullish in this stock, a change of 19% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their stakes meaningfully.

When looking at the hedgies we track, Highbridge Capital Management, managed by Glenn Russell Dubin, holds the most valuable position in Hertz Global Holdings, Inc. (NYSE:HTZ). Highbridge Capital Management has a $229 million billion position in the stock, comprising 3.6% of its 13F portfolio. Coming in second is York Capital Management, managed by James Dinan, which held a $182 million position; 3.6% of its 13F portfolio is allocated to the company. Remaining peers with similar optimism include Rob Citrone’s Discovery Capital Management, Jeffrey Altman’s Owl Creek Asset Management and Donald Chiboucis’s Columbus Circle Investors.

As industrywide interest jumped, key hedge funds were breaking ground themselves. Highbridge Capital Management, managed by Glenn Russell Dubin, created the largest position in Hertz Global Holdings, Inc. (NYSE:HTZ). Highbridge Capital Management had 229 million invested in the company at the end of the quarter. Rob Citrone’s Discovery Capital Management also made a $122 million investment in the stock during the quarter. The other funds with brand new HTZ positions are Jeffrey Altman’s Owl Creek Asset Management, Donald Chiboucis’s Columbus Circle Investors, and Doug Silverman’s Senator Investment Group.

How are insiders trading Hertz Global Holdings, Inc. (NYSE:HTZ)?

Insider purchases made by high-level executives is particularly usable when the primary stock in question has seen transactions within the past half-year. Over the latest six-month time frame, Hertz Global Holdings, Inc. (NYSE:HTZ) has experienced zero unique insiders buying, and 15 insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s strategies, everyday investors must always watch hedge fund and insider trading sentiment, and Hertz Global Holdings, Inc. (NYSE:HTZ) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!