UTi Worldwide Inc. (UTIW): Hedge Funds and Insiders Are Bearish, What Should You Do?

Page 1 of 2

UTi Worldwide Inc. (NASDAQ:UTIW) was in 11 hedge funds’ portfolio at the end of March. UTIW has experienced a decrease in activity from the world’s largest hedge funds lately. There were 13 hedge funds in our database with UTIW holdings at the end of the previous quarter.

To most stock holders, hedge funds are perceived as underperforming, old investment vehicles of the past. While there are greater than 8000 funds with their doors open at present, we look at the top tier of this club, close to 450 funds. It is estimated that this group has its hands on most of the hedge fund industry’s total capital, and by tracking their top investments, we have determined a few investment strategies that have historically beaten Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Equally as important, bullish insider trading activity is a second way to break down the world of equities. There are lots of stimuli for an executive to cut shares of his or her company, but just one, very simple reason why they would initiate a purchase. Several academic studies have demonstrated the impressive potential of this method if piggybackers understand what to do (learn more here).

Consequently, it’s important to take a peek at the key action surrounding UTi Worldwide Inc. (NASDAQ:UTIW).

What have hedge funds been doing with UTi Worldwide Inc. (NASDAQ:UTIW)?

At the end of the first quarter, a total of 11 of the hedge funds we track held long positions in this stock, a change of -15% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their holdings substantially.

According to our comprehensive database, P2 Capital Partners, managed by Claus Moller, holds the largest position in UTi Worldwide Inc. (NASDAQ:UTIW). P2 Capital Partners has a $148.2 million position in the stock, comprising 25.3% of its 13F portfolio. The second largest stake is held by Royce & Associates, managed by Chuck Royce, which held a $70.2 million position; 0.2% of its 13F portfolio is allocated to the stock. Some other peers with similar optimism include Joel Ramin’s 12 West Capital Management, Michael Lowenstein’s Kensico Capital and Jeffrey Smith’s Starboard Value LP.

Seeing as UTi Worldwide Inc. (NASDAQ:UTIW) has witnessed bearish sentiment from the entirety of the hedge funds we track, logic holds that there were a few money managers who sold off their full holdings heading into Q2. Interestingly, Clint Carlson’s Carlson Capital said goodbye to the biggest position of all the hedgies we key on, worth close to $20.8 million in stock., and Ken Griffin of Citadel Investment Group was right behind this move, as the fund said goodbye to about $3.1 million worth. These moves are important to note, as aggregate hedge fund interest fell by 2 funds heading into Q2.

What do corporate executives and insiders think about UTi Worldwide Inc. (NASDAQ:UTIW)?

Insider trading activity, especially when it’s bullish, is best served when the company in focus has experienced transactions within the past 180 days. Over the latest six-month time frame, UTi Worldwide Inc. (NASDAQ:UTIW) has experienced zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to UTi Worldwide Inc. (NASDAQ:UTIW). These stocks are Expeditors International of Washington (NASDAQ:EXPD), Air Transport Services Group Inc. (NASDAQ:ATSG), Roadrunner Transportation Systems Inc (NYSE:RRTS), Forward Air Corporation (NASDAQ:FWRD), and Hub Group Inc (NASDAQ:HUBG). All of these stocks are in the air delivery & freight services industry and their market caps are closest to UTIW’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 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 Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!