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
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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!