Lexmark International Inc (LXK): Hedge Funds Aren’t Crazy About It, Insider Sentiment Unchanged

Should MedAssets, Inc. (NASDAQ:MDAS) track the following data?

If you were to ask many investors, hedge funds are assumed to be bloated, outdated financial tools of an era lost to time. Although there are over 8,000 hedge funds with their doors open currently, this site focuses on the crème de la crème of this club, about 525 funds. It is widely held that this group has its hands on the lion’s share of the smart money’s total assets, and by keeping an eye on their highest performing picks, we’ve identified a few investment strategies that have historically outstripped the S&P 500. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started 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 a sample of our picks).

Just as key, bullish insider trading activity is another way to analyze the investments you’re interested in. Obviously, there are a number of reasons for an upper level exec to downsize shares of his or her company, but only one, very clear reason why they would behave bullishly. Many academic studies have demonstrated the useful potential of this strategy if shareholders know where to look (learn more here).

What’s more, it’s important to discuss the newest info surrounding Lexmark International Inc (NYSE:LXK).

Lexmark International Inc (NYSE:LXK)

What have hedge funds been doing with Lexmark International Inc (NYSE:LXK)?

At Q2′s end, a total of 14 of the hedge funds we track were bullish in this stock, a change of -7% from the first quarter. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their stakes meaningfully.

When using filings from the hedgies we track, Blue Mountain Capital, managed by Andrew Feldstein and Stephen Siderow, holds the biggest position in Lexmark International Inc (NYSE:LXK). Blue Mountain Capital has a $91.6 million position in the stock, comprising 3.8% of its 13F portfolio. The second largest stake is held by Iridian Asset Management, managed by David Cohen and Harold Levy, which held a $75.7 million position; the fund has 1% of its 13F portfolio invested in the stock. Other peers that hold long positions include D. E. Shaw’s D E Shaw, Cliff Asness’s AQR Capital Management and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Since Lexmark International Inc (NYSE:LXK) has witnessed bearish sentiment from the entirety of the hedge funds we track, logic holds that there exists a select few hedgies who sold off their positions entirely in Q1. At the top of the heap, John Overdeck and David Siegel’s Two Sigma Advisors sold off the biggest investment of the “upper crust” of funds we key on, totaling an estimated $2.1 million in stock, and Israel Englander of Millennium Management was right behind this move, as the fund said goodbye to about $1.9 million worth. These transactions are interesting, as aggregate hedge fund interest fell by 1 funds in Q1.

Insider trading activity in Lexmark International Inc (NYSE:LXK)

Insider buying made by high-level executives is most useful when the company in question has experienced transactions within the past 180 days. Over the last 180-day time period, Lexmark International Inc (NYSE:LXK) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Using the returns explained by our tactics, regular investors must always pay attention to hedge fund and insider trading activity, and Lexmark International Inc (NYSE:LXK) is an important part of this process.

Discover how hedge fund piggybacking can benefit you

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

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

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!