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 Sensient Technologies Corporation (SXT) Going to Burn These Hedge Funds?

Page 1 of 2

Is Sensient Technologies Corporation (NYSE:SXT) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.

Sensient Technologies Corporation (NYSE:SXT) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 14 hedge funds’ portfolios at the end of the third quarter of 2015. At the end of this article we will also compare SXT to other stocks, including Ciena Corporation (NASDAQ:CIEN), Dyax Corp. (NASDAQ:DYAX), and G-III Apparel Group, Ltd. (NASDAQ:GIII) to get a better sense of its popularity.

Follow Sensient Technologies Corp (NYSE:SXT)
Trade (NYSE:SXT) Now!

To most investors, hedge funds are assumed to be underperforming, outdated financial vehicles of the past. While there are greater than 8000 funds trading at present, Our researchers hone in on the elite of this club, around 700 funds. These money managers oversee the lion’s share of the smart money’s total asset base, and by observing their finest investments, Insider Monkey has found a number of investment strategies that have historically outstripped the broader indices. Insider Monkey’s small-cap hedge fund strategy surpassed the S&P 500 index by 12 percentage points annually for a decade in their back tests.

Keeping this in mind, let’s take a look at the latest action surrounding Sensient Technologies Corporation (NYSE:SXT).

How have hedgies been trading Sensient Technologies Corporation (NYSE:SXT)?

At Q3’s end, a total of 14 of the hedge funds tracked by Insider Monkey were long this stock, unchanged from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Mario Gabelli’s GAMCO Investors has the largest position in Sensient Technologies Corporation (NYSE:SXT), worth close to $60.5 million, comprising 0.4% of its total 13F portfolio. Sitting at the No. 2 spot is Paul Marshall and Ian Wace’s Marshall Wace LLP, with a $19.2 million position; 0.2% of its 13F portfolio is allocated to the stock. Some other members of the smart money that are bullish consist of Lee Munder’s Lee Munder Capital Group, Cliff Asness’ AQR Capital Management and Phill Gross and Robert Atchinson’s Adage Capital Management.

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...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!