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

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 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

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!