Is Chicago Bridge & Iron Company N.V. (NYSE:CBI) a buy right now? Hedge funds are getting less bullish. The number of long hedge fund positions shrunk by 4 in recent months.
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Consequently, let’s take a gander at the key action surrounding Chicago Bridge & Iron Company N.V. (NYSE:CBI).
What does the smart money think about Chicago Bridge & Iron Company N.V. (NYSE:CBI)?
In preparation for this year, a total of 32 of the hedge funds we track held long positions in this stock, a change of -11% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their holdings considerably.
When looking at the hedgies we track, Robert Pitts’s Steadfast Capital Management had the most valuable position in Chicago Bridge & Iron Company N.V. (NYSE:CBI), worth close to $242 million billion, comprising 6.5% of its total 13F portfolio. Coming in second is Balyasny Asset Management, managed by Dmitry Balyasny, which held a $164 million position; 1.5% of its 13F portfolio is allocated to the company. Remaining hedgies that hold long positions include Steven Cohen’s SAC Capital Advisors, Ken Griffin’s Citadel Investment Group and Martin D. Sass’s MD Sass.
Since Chicago Bridge & Iron Company N.V. (NYSE:CBI) has faced declining sentiment from the smart money, we can see that there were a few fund managers that elected to cut their positions entirely at the end of the year. Intriguingly, Howard Guberman’s Gruss Asset Management cut the biggest investment of the 450+ funds we watch, valued at about $27 million in stock., and Jim Chanos of Kynikos was right behind this move, as the fund dumped about $10 million worth. These bearish behaviors are interesting, as total hedge fund interest fell by 4 funds at the end of the year.
What do corporate executives and insiders think about Chicago Bridge & Iron Company N.V. (NYSE:CBI)?
Insider purchases made by high-level executives is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the last six-month time period, Chicago Bridge & Iron Company N.V. (NYSE:CBI) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).
With the results exhibited by Insider Monkey’s studies, everyday investors must always watch hedge fund and insider trading activity, and Chicago Bridge & Iron Company N.V. (NYSE:CBI) applies perfectly to this mantra.
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