Should You Avoid Stericycle Inc (SRCL)?

Page 1 of 2

If you were to ask many market players, hedge funds are perceived as overrated, outdated investment vehicles of a forgotten age. Although there are In excess of 8,000 hedge funds trading in present day, this site aim at the crème de la crème of this group, around 525 funds. Analysts calculate that this group controls most of all hedge funds’ total assets, and by watching their highest quality stock picks, we’ve unearthed a number of investment strategies that have historically outstripped the S&P 500. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum 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 outclassed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Stericycle Inc (NASDAQ:SRCL)

Just as necessary, optimistic insider trading sentiment is another way to analyze the stock market universe. As the old adage goes: there are lots of incentives for an insider to get rid of shares of his or her company, but only one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this method if “monkeys” know what to do (learn more here).

What’s more, it’s important to examine the newest info about Stericycle Inc (NASDAQ:SRCL).

How have hedgies been trading Stericycle Inc (NASDAQ:SRCL)?

Heading into Q3, a total of 13 of the hedge funds we track were bullish in this stock, a change of -28% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their holdings substantially.

According to our 13F database, Ian Simm’s Impax Asset Management had the largest position in Stericycle Inc (NASDAQ:SRCL), worth close to $25.5 million, accounting for 3.1% of its total 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $20.6 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Phill Gross and Robert Atchinson’s Adage Capital Management, Andrew Sandler’s Sandler Capital Management and Bruce Kovner’s Caxton Associates LP.

Because Stericycle Inc (NASDAQ:SRCL) has witnessed bearish sentiment from upper-tier hedge fund managers, we can see that there was a specific group of hedge funds that decided to sell off their entire stakes in Q1. Intriguingly, Brian Ashford-Russell and Tim Woolley’s Polar Capital cut the biggest position of the 450+ funds we key on, worth close to $11.1 million in stock. D. E. Shaw’s fund, D E Shaw, also said goodbye to its stock, about $8.7 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest was cut by 5 funds in Q1.

How are insiders trading Stericycle Inc (NASDAQ:SRCL)?

Bullish insider trading is particularly usable when the company we’re looking at has seen transactions within the past 180 days. Over the latest six-month time frame, Stericycle Inc (NASDAQ:SRCL) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Stericycle Inc (NASDAQ:SRCL). These stocks are Clean Harbors Inc (NYSE:CLH), Waste Connections, Inc. (NYSE:WCN), Waste Management, Inc. (NYSE:WM), Veolia Environnement SA (ADR) (NYSE:VE), and Republic Services, Inc. (NYSE:RSG). This group of stocks are the members of the waste management industry and their market caps match SRCL’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 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

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!