The Pep Boys – Manny, Moe & Jack (PBY): Are Hedge Funds Right About This Stock?

Page 1 of 2

Is The Pep Boys – Manny, Moe & Jack (NYSE:PBY) a healthy stock for your portfolio? Money managers are getting less bullish. The number of long hedge fund positions stayed the same which is a slightly negative development in our experience

The Pep Boys - Manny, Moe & Jack (NYSE:PBY)In the financial world, there are dozens of methods market participants can use to track their holdings. A couple of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top hedge fund managers can outclass the S&P 500 by a very impressive margin (see just how much).

Equally as integral, positive insider trading sentiment is a second way to break down the world of equities. Obviously, there are a number of incentives for an upper level exec to downsize shares of his or her company, but only one, very simple reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this method if investors understand what to do (learn more here).

Consequently, we’re going to take a gander at the latest action surrounding The Pep Boys – Manny, Moe & Jack (NYSE:PBY).

Hedge fund activity in The Pep Boys – Manny, Moe & Jack (NYSE:PBY)

At the end of the first quarter, a total of 13 of the hedge funds we track held long positions in this stock, a change of 0% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes considerably.

When looking at the hedgies we track, Mario Gabelli’s GAMCO Investors had the largest position in The Pep Boys – Manny, Moe & Jack (NYSE:PBY), worth close to $57.2 million, comprising 0.4% of its total 13F portfolio. On GAMCO Investors’s heels is Glenhill Advisors, managed by Glenn J. Krevlin, which held a $18.3 million position; the fund has 2.5% of its 13F portfolio invested in the stock. Other peers that hold long positions include Andrew Spokes’s Farallon Capital, J. Carlo Cannell’s Cannell Capital and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Judging by the fact that The Pep Boys – Manny, Moe & Jack (NYSE:PBY) has experienced declining sentiment from the aggregate hedge fund industry, it’s safe to say that there exists a select few fund managers who were dropping their positions entirely in Q1. At the top of the heap, D. E. Shaw’s D E Shaw dumped the largest position of all the hedgies we key on, valued at an estimated $0.2 million in stock., and John Overdeck and David Siegel of Two Sigma Advisors was right behind this move, as the fund dumped about $0.1 million worth. These moves are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about The Pep Boys – Manny, Moe & Jack (NYSE:PBY)?

Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time frame, The Pep Boys – Manny, Moe & Jack (NYSE:PBY) has seen zero unique insiders buying, and 2 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 The Pep Boys – Manny, Moe & Jack (NYSE:PBY). These stocks are AutoZone, Inc. (NYSE:AZO), O’Reilly Automotive Inc (NASDAQ:ORLY), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), , and Advance Auto Parts, Inc. (NYSE:AAP). This group of stocks are in the auto parts stores industry and their market caps match PBY’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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

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

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!