Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Smart Money Is Losing Confidence In Community Trust Bancorp, Inc. (CTBI)

Page 1 of 2

We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file with the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those investors think of Community Trust Bancorp, Inc. (NASDAQ:CTBI).

Community Trust Bancorp, Inc. (NASDAQ:CTBI) was in 4 hedge funds’ portfolios at the end of September. Investors should pay attention to a decrease in hedge fund interest in recent months, since there were 6 hedge funds in our database with Community Trust Bancorp, Inc. (NASDAQ:CTBI) holdings at the end of the previous quarter. At the end of this article, we will also compare Community Trust Bancorp, Inc. (NASDAQ:CTBI) to other stocks, including Hemisphere Media Group Inc (NASDAQ:HMTV), Albany Molecular Research, Inc. (NASDAQ:AMRI), and TTM Technologies, Inc. (NASDAQ:TTMI) to get a better sense of its popularity.

Follow Community Trust Bancorp Inc (NASDAQ:CTBI)
Trade (NASDAQ:CTBI) Now!

According to most traders, hedge funds are assumed to be slow, outdated investment tools of the past. While there are greater than 8000 funds in operation at the moment, our researchers look at the top tier of this club, around 700 funds. Most estimates calculate that this group of people shepherd bulk of the hedge fund industry’s total asset base, and by monitoring their finest picks, Insider Monkey has deciphered several investment strategies that have historically outpaced the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy surpassed the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

Keeping this in mind, let’s view the new action surrounding Community Trust Bancorp, Inc. (NASDAQ:CTBI).

How have hedgies been trading Community Trust Bancorp, Inc. (NASDAQ:CTBI)?

At the end of Q3, a total of 4 of the hedge funds tracked by Insider Monkey held long positions in this stock, a decrease of 33% from the second quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Renaissance Technologies holds the number one position in Community Trust Bancorp, Inc. (NASDAQ:CTBI). The fund has a $3 million position in the stock, comprising less than 0.1% of its 13F portfolio. The second most bullish fund manager is Bryn Mawr Capital, managed by Ken Gray and Steve Walsh, which holds a $0.5 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining hedge funds and institutional investors that hold long positions encompass John Overdeck and David Siegel’s Two Sigma Advisors and Israel Englander’s Millennium Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!