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If you were to ask many market players, hedge funds are perceived as overrated, outdated investment vehicles of a forgotten age.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

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

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!