PolyOne Corporation (NYSE:POL): Are Hedge Funds Right About This Stock? – Olin Corporation (NYSE:OLN), Chemtura Corp (NYSE:CHMT)

Page 1 of 2

Is PolyOne Corporation (NYSE:POL) undervalued? Investors who are in the know are in a bearish mood. The number of bullish hedge fund positions fell by 1 in recent months.

In today’s marketplace, there are plenty of gauges investors can use to track stocks. Some of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best fund managers can trounce the S&P 500 by a superb amount (see just how much).

PolyOne Corporation (NYSE:POL)

Just as key, optimistic insider trading activity is another way to break down the world of equities. There are a variety of motivations for an executive to downsize shares of his or her company, but just one, very obvious reason why they would buy. Many academic studies have demonstrated the useful potential of this method if piggybackers understand what to do (learn more here).

Keeping this in mind, it’s important to take a gander at the latest action surrounding PolyOne Corporation (NYSE:POL).

How are hedge funds trading PolyOne Corporation (NYSE:POL)?

Heading into 2013, a total of 11 of the hedge funds we track were long in this stock, a change of -8% from the previous quarter. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were upping their stakes significantly.

When looking at the hedgies we track, Fine Capital Partners, managed by Debra Fine, holds the biggest position in PolyOne Corporation (NYSE:POL). Fine Capital Partners has a $57 million position in the stock, comprising 5.7% of its 13F portfolio. Sitting at the No. 2 spot is Crispin Odey of Odey Asset Management Group, with a $32 million position; 0.2% of its 13F portfolio is allocated to the stock. Remaining hedge funds with similar optimism include Chuck Royce’s Royce & Associates, Richard Driehaus’s Driehaus Capital and Jeffrey Vinik’s Vinik Asset Management.

Since PolyOne Corporation (NYSE:POL) has witnessed falling interest from the smart money, it’s safe to say that there were a few funds who were dropping their entire stakes at the end of the year. At the top of the heap, Mike Vranos’s Ellington dropped the largest investment of the “upper crust” of funds we monitor, valued at close to $1 million in stock.. D. E. Shaw’s fund, D E Shaw, also sold off its stock, about $1 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest dropped by 1 funds at the end of the year.

What do corporate executives and insiders think about PolyOne Corporation (NYSE:POL)?

Insider buying is particularly usable when the company in focus has seen transactions within the past six months. Over the latest 180-day time frame, PolyOne Corporation (NYSE:POL) has experienced zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to PolyOne Corporation (NYSE:POL). These stocks are Sensient Technologies Corporation (NYSE:SXT), HB Fuller Co (NYSE:FUL), Olin Corporation (NYSE:OLN), Chemtura Corp (NYSE:CHMT), and Cabot Corp (NYSE:CBT). This group of stocks are the members of the specialty chemicals industry and their market caps are similar to POL’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 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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!