Monster Worldwide, Inc. (MWW): Are Hedge Funds Right About This Stock?

Page 1 of 2

Should investors be bullish on Monster Worldwide, Inc. (NYSE:MWW)?

Now, according to many of your fellow readers, hedge funds are perceived as bloated, old investment tools of a forgotten age. Although there are In excess of 8,000 hedge funds trading today, this site looks at the bigwigs of this group, about 525 funds. Analysts calculate 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 equity investments, we’ve found a few investment strategies that have historically beaten Mr. Market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Equally as key, bullish insider trading activity is another way to look at the marketplace. As the old adage goes: there are a variety of reasons for an executive to cut shares of his or her company, but just one, very obvious reason why they would behave bullishly. Various academic studies have demonstrated the useful potential of this method if “monkeys” know what to do (learn more here).

Now that that’s out of the way, it’s important to discuss the latest info for Monster Worldwide, Inc. (NYSE:MWW).

Monster Worldwide, Inc. (NYSE:MWW)

What have hedge funds been doing with Monster Worldwide, Inc. (NYSE:MWW)?

In preparation for the third quarter, a total of 17 of the hedge funds we track held long positions in this stock, a change of 0% from the first quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings significantly.

When using filings from the hedgies we track, Richard S. Pzena’s Pzena Investment Management had the biggest position in Monster Worldwide, Inc. (NYSE:MWW), worth close to $18.5 million, comprising 0.1% of its total 13F portfolio. On Pzena Investment Management’s heels is Chuck Royce of Royce & Associates, with a $8.8 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other hedge funds that hold long positions include D. E. Shaw’s D E Shaw, Robert Pitts’s Steadfast Capital Management and Matthew Hulsizer’s PEAK6 Capital Management.

Because Monster Worldwide, Inc. (NYSE:MWW) has faced dropping sentiment from the entirety of the hedge funds we track, we can see that there was a specific group of fund managers that elected to cut their positions entirely last quarter. At the top of the heap, George Soros’s Soros Fund Management said goodbye to the biggest position of all the hedgies we watch, totaling close to $5.1 million in stock. Jay Petschek and Steven Major’s fund, Corsair Capital Management, also dropped its stock, about $0.8 million worth. These moves are intriguing to say the least, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What have insiders been doing with Monster Worldwide, Inc. (NYSE:MWW)?

Insider buying is best served when the company in question has seen transactions within the past six months. Over the latest half-year time frame, Monster Worldwide, Inc. (NYSE:MWW) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Monster Worldwide, Inc. (NYSE:MWW). These stocks are Lamar Advertising Co (NASDAQ:LAMR), Focus Media Holding Limited (ADR) (NASDAQ:FMCN), Charm Communications Inc (ADR) (NASDAQ:CHRM), VisionChina Media Inc (ADR) (NASDAQ:VISN), and ReachLocal Inc. (NASDAQ:RLOC). This group of stocks belong to the advertising agencies industry and their market caps match MWW’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations 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!