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

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!