UGI Corp (UGI): Insiders Aren’t Crazy About It But Hedge Funds Love It

Page 1 of 2

In the 21st century investor’s toolkit, there are many methods market participants can use to watch the equity markets. A duo of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outpace the market by a superb margin (see just how much).

Equally as useful, bullish insider trading activity is a second way to look at the marketplace. Just as you’d expect, there are lots of incentives for a bullish insider to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the valuable potential of this tactic if shareholders understand where to look (learn more here).

What’s more, let’s discuss the recent info surrounding UGI Corp (NYSE:UGI).

How have hedgies been trading UGI Corp (NYSE:UGI)?

At Q2′s end, a total of 17 of the hedge funds we track held long positions in this stock, a change of 55% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their stakes substantially.

UGI Corp (NYSE:UGI)Out of the hedge funds we follow, Adage Capital Management, managed by Phill Gross and Robert Atchinson, holds the most valuable position in UGI Corp (NYSE:UGI). Adage Capital Management has a $43 million position in the stock, comprising 0.1% of its 13F portfolio. On Adage Capital Management’s heels is Royce & Associates, managed by Chuck Royce, which held a $27.2 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining peers that hold long positions include Ric Dillon’s Diamond Hill Capital, and Dmitry Balyasny’s Balyasny Asset Management.

As aggregate interest spiked, particular hedge funds have been driving this bullishness. Adage Capital Management, managed by Phill Gross and Robert Atchinson, established the biggest position in UGI Corp (NYSE:UGI). Adage Capital Management had 43 million invested in the company at the end of the quarter. Chuck Royce’s Royce & Associates also made a $27.2 million investment in the stock during the quarter. The other funds with brand new UGI positions are Ric Dillon’s Diamond Hill Capital, Israel Englander’s Millennium Management, and Dmitry Balyasny’s Balyasny Asset Management.

What do corporate executives and insiders think about UGI Corp (NYSE:UGI)?

Insider buying is most useful when the primary stock in question has seen transactions within the past 180 days. Over the latest six-month time period, UGI Corp (NYSE:UGI) has experienced zero unique insiders buying, 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 UGI Corp (NYSE:UGI). These stocks are Ameren Corp (NYSE:AEE), Vectren Corporation (NYSE:VVC), TransAlta Corporation (USA) (NYSE:TAC), NV Energy, Inc. (NYSE:NVE), and Westar Energy Inc (NYSE:WR). This group of stocks belong to the diversified utilities industry and their market caps are similar to UGI’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

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!