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

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!