Potlatch Corporation (PCH): Insiders Aren’t Crazy About It

Is Potlatch Corporation (NASDAQ:PCH) a healthy stock for your portfolio? Prominent investors are selling. The number of bullish hedge fund bets were cut by 4 lately.

Potlatch Corporation (NASDAQ:PCH)

According to most stock holders, hedge funds are viewed as underperforming, outdated investment vehicles of yesteryear. While there are greater than 8000 funds in operation today, we hone in on the leaders of this group, about 450 funds. Most estimates calculate that this group oversees the lion’s share of all hedge funds’ total asset base, and by monitoring their top investments, we have brought to light a few investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per 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 trumped the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Equally as integral, bullish insider trading sentiment is a second way to break down the investments you’re interested in. Just as you’d expect, there are plenty of stimuli for an upper level exec to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Plenty of empirical studies have demonstrated the impressive potential of this method if you know where to look (learn more here).

Consequently, it’s important to take a glance at the key action regarding Potlatch Corporation (NASDAQ:PCH).

What have hedge funds been doing with Potlatch Corporation (NASDAQ:PCH)?

At Q1′s end, a total of 8 of the hedge funds we track held long positions in this stock, a change of -33% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.

Of the funds we track, AQR Capital Management, managed by Cliff Asness, holds the most valuable position in Potlatch Corporation (NASDAQ:PCH). AQR Capital Management has a $14.2 million position in the stock, comprising 0.1% of its 13F portfolio. The second largest stake is held by Renaissance Technologies, managed by Jim Simons, which held a $12.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedge funds with similar optimism include Ken Fisher’s Fisher Asset Management, Israel Englander’s Millennium Management and Ken Griffin’s Citadel Investment Group.

Judging by the fact that Potlatch Corporation (NASDAQ:PCH) has experienced bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there exists a select few hedge funds that decided to sell off their full holdings at the end of the first quarter. Intriguingly, Mason Hawkins’s Southeastern Asset Management sold off the biggest stake of the “upper crust” of funds we track, valued at about $53.4 million in stock., and Ken Grossman and Glen Schneider of SG Capital Management was right behind this move, as the fund dropped about $4.4 million worth. These moves are interesting, as aggregate hedge fund interest dropped by 4 funds at the end of the first quarter.

Insider trading activity in Potlatch Corporation (NASDAQ:PCH)

Bullish insider trading is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest 180-day time frame, Potlatch Corporation (NASDAQ:PCH) has experienced zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Potlatch Corporation (NASDAQ:PCH). These stocks are CubeSmart (NYSE:CUBE), DCT Industrial Trust Inc. (NYSE:DCT), Eastgroup Properties Inc (NYSE:EGP), Sovran Self Storage Inc (NYSE:SSS), and First Industrial Realty Trust, Inc. (NYSE:FR). This group of stocks are the members of the reit – industrial industry and their market caps are closest to PCH’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
CubeSmart (NYSE:CUBE) 10 0 2
DCT Industrial Trust Inc. (NYSE:DCT) 8 0 5
Eastgroup Properties Inc (NYSE:EGP) 7 0 4
Sovran Self Storage Inc (NYSE:SSS) 12 0 6
First Industrial Realty Trust, Inc. (NYSE:FR) 13 1 3

With the results shown by the aforementioned strategies, retail investors should always watch hedge fund and insider trading sentiment, and Potlatch Corporation (NASDAQ:PCH) is no exception.

Click here to learn why you should track hedge funds

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 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

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

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!