Walter Energy, Inc. (WLT): This Indicator Was Screaming ‘Buy,’ Did You See It In Time?

Page 1 of 2

Walter Energy, Inc. (NYSE:WLT) shareholders have witnessed an increase in activity from the world’s largest hedge funds recently.

Walter Energy, IncIn the 21st century investor’s toolkit, there are many metrics investors can use to monitor publicly traded companies. Some of the most underrated 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 fund managers can trounce the market by a very impressive amount (see just how much).

Just as integral, positive insider trading sentiment is a second way to break down the financial markets. There are plenty of reasons for an executive to sell shares of his or her company, but only one, very clear reason why they would initiate a purchase. Many academic studies have demonstrated the useful potential of this tactic if investors understand where to look (learn more here).

With these “truths” under our belt, it’s important to take a glance at the latest action encompassing Walter Energy, Inc. (NYSE:WLT).

How have hedgies been trading Walter Energy, Inc. (NYSE:WLT)?

At year’s end, a total of 30 of the hedge funds we track held long positions in this stock, a change of 20% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes considerably.

When looking at the hedgies we track, Dmitry Balyasny’s Balyasny Asset Management had the biggest position in Walter Energy, Inc. (NYSE:WLT), worth close to $107.5 million, comprising 2.9% of its total 13F portfolio. Coming in second is SAC Capital Advisors, managed by Steven Cohen, which held a $59.7 million position; 0.3% of its 13F portfolio is allocated to the stock. Some other peers that hold long positions include David Cohen and Harold Levy’s Iridian Asset Management, Jim Simons’s Renaissance Technologies and Bruce J. Richards and Louis Hanover’s Marathon Asset Management.

As one would reasonably expect, key hedge funds were leading the bulls’ herd. Marathon Asset Management, managed by Bruce J. Richards and Louis Hanover, established the largest position in Walter Energy, Inc. (NYSE:WLT). Marathon Asset Management had 51.5 million invested in the company at the end of the quarter. Robert Bishop’s Impala Asset Management also made a $13.4 million investment in the stock during the quarter. The other funds with brand new WLT positions are Jon Bauer’s Contrarian Capital, Mark Kingdon’s Kingdon Capital, and Anand Parekh’s Alyeska Investment Group.

How have insiders been trading Walter Energy, Inc. (NYSE:WLT)?

Insider trading activity, especially when it’s bullish, is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the last half-year time period, Walter Energy, Inc. (NYSE:WLT) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Walter Energy, Inc. (NYSE:WLT). These stocks are Alliance Resource Partners, L.P. (NASDAQ:ARLP), PVR Partners LP (NYSE:PVR), Stillwater Mining Company (NYSE:SWC), HudBay Minerals Inc Ord Shs (NYSE:HBM), and Alpha Natural Resources, Inc. (NYSE:ANR). This group of stocks are in the industrial metals & minerals industry and their market caps are similar to WLT’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

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

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!