Should You Avoid Fresenius Medical Care AG & Co. (ADR) (FMS)?

Page 1 of 2

Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS) was in 6 hedge funds’ portfolio at the end of the first quarter of 2013. FMS investors should be aware of a decrease in hedge fund interest recently. There were 7 hedge funds in our database with FMS positions at the end of the previous quarter.

Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS)At the moment, there are tons of metrics shareholders can use to watch stocks. A couple of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite hedge fund managers can outpace the broader indices by a very impressive amount (see just how much).

Equally as beneficial, bullish insider trading sentiment is a second way to parse down the stock market universe. There are a number of reasons for a corporate insider to sell shares of his or her company, but just one, very simple reason why they would initiate a purchase. Plenty of academic studies have demonstrated the impressive potential of this strategy if “monkeys” know where to look (learn more here).

Consequently, let’s take a gander at the recent action encompassing Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS).

What have hedge funds been doing with Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS)?

In preparation for this quarter, a total of 6 of the hedge funds we track were long in this stock, a change of -14% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were increasing their holdings substantially.

According to our comprehensive database, Jim Simons’s Renaissance Technologies had the biggest position in Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS), worth close to $8.3 million, accounting for less than 0.1%% of its total 13F portfolio. Coming in second is Christopher C. Grisanti of Grisanti Brown & Partners, with a $8.1 million position; 3.8% of its 13F portfolio is allocated to the company. Remaining peers with similar optimism include D. E. Shaw’s D E Shaw, Israel Englander’s Millennium Management and Matthew Tewksbury’s Stevens Capital Management.

Judging by the fact that Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS) has witnessed declining sentiment from hedge fund managers, logic holds that there was a specific group of hedge funds who sold off their full holdings last quarter. At the top of the heap, Ken Griffin’s Citadel Investment Group said goodbye to the largest stake of the “upper crust” of funds we watch, valued at close to $3 million in stock., and Robert B. Gillam of McKinley Capital Management was right behind this move, as the fund dropped about $1.3 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 1 funds last quarter.

Insider trading activity in Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS)

Insider trading activity, especially when it’s bullish, is most useful when the company in question has experienced transactions within the past 180 days. Over the latest six-month time period, Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Fresenius Medical Care AG & Co. (ADR) (NYSE:FMS). These stocks are Hanger Inc (NYSE:HGR), Acadia Healthcare Company Inc (NASDAQ:ACHC), HEALTHSOUTH Corp. (NYSE:HLS), Mednax Inc. (NYSE:MD), and DaVita HealthCare Partners Inc (NYSE:DVA). This group of stocks are in the specialized health services industry and their market caps match FMS’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

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

6 Ways 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

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!