Mechel OAO (ADR) (MTL): Hedge Funds Aren’t Crazy About It, Insider Sentiment Unchanged

Page 1 of 2

Is Mechel OAO (ADR) (NYSE:MTL) a good investment?

In today’s marketplace, there are many gauges investors can use to watch publicly traded companies. A duo of the most under-the-radar are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top hedge fund managers can trounce the broader indices by a healthy amount (see just how much).

Equally as useful, optimistic insider trading sentiment is a second way to analyze the world of equities. There are a number of stimuli for an insider to get rid of shares of his or her company, but just one, very simple reason why they would buy. Many empirical studies have demonstrated the useful potential of this tactic if piggybackers understand where to look (learn more here).

Thus, we’re going to analyze the latest info for Mechel OAO (ADR) (NYSE:MTL).

Mechel OAO (ADR) (NYSE:MTL)

How have hedgies been trading Mechel OAO (ADR) (NYSE:MTL)?

At the end of the second quarter, a total of 4 of the hedge funds we track held long positions in this stock, a change of -50% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their stakes considerably.

Out of the hedge funds we follow, Renaissance Technologies, managed by Jim Simons, holds the most valuable position in Mechel OAO (ADR) (NYSE:MTL). Renaissance Technologies has a $7.6 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Renaissance Technologies’s heels is PEAK6 Capital Management, managed by Matthew Hulsizer, which held a $0.6 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, and Cliff Asness’s AQR Capital Management.

Since Mechel OAO (ADR) (NYSE:MTL) has witnessed a fall in interest from upper-tier hedge fund managers, it’s safe to say that there is a sect of funds that elected to cut their entire stakes at the end of the second quarter. At the top of the heap, Jane Mendillo’s Harvard Management Co dropped the largest position of all the hedgies we monitor, worth close to $0.6 million in stock. Mike Vranos’s fund, Ellington, also dropped its stock, about $0.4 million worth. These moves are important to note, as total hedge fund interest dropped by 4 funds at the end of the second quarter.

What do corporate executives and insiders think about Mechel OAO (ADR) (NYSE:MTL)?

Bullish insider trading is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time period, Mechel OAO (ADR) (NYSE:MTL) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Mechel OAO (ADR) (NYSE:MTL). These stocks are Ternium S.A. (ADR) (NYSE:TX), Harsco Corporation (NYSE:HSC), Steel Dynamics, Inc. (NASDAQ:STLD), Grupo Simec S.A.B. de C.V. (ADR) (NYSEAMEX:SIM), and United States Steel Corporation (NYSE:X). This group of stocks are the members of the steel & iron industry and their market caps match MTL’s market cap.

Page 1 of 2
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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!