At the moment, there are many metrics investors can use to analyze publicly traded companies. Some of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite money managers can outpace their index-focused peers by a superb amount (see just how much).
Just as key, bullish insider trading sentiment is another way to analyze the financial markets. As the old adage goes: there are many reasons for an upper level exec to downsize shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of academic studies have demonstrated the valuable potential of this method if shareholders know where to look (learn more here).
What’s more, let’s analyze the recent info about Cubic Corporation (NYSE:CUB).
What does the smart money think about Cubic Corporation (NYSE:CUB)?
At Q2’s end, a total of 10 of the hedge funds we track were long in this stock, a change of 11% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their holdings considerably.
Out of the hedge funds we follow, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Cubic Corporation (NYSE:CUB). Royce & Associates has a $101.9 million position in the stock, comprising 0.3% of its 13F portfolio. Coming in second is Third Avenue Management, managed by Martin Whitman, which held a $16.5 million position; 0.3% of its 13F portfolio is allocated to the stock. Some other hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, Cliff Asness’s AQR Capital Management and Jacob Gottlieb’s Visium Asset Management.
Now, specific money managers have jumped into Cubic Corporation (NYSE:CUB) headfirst. Royce & Associates, managed by Chuck Royce, created the most outsized position in Cubic Corporation (NYSE:CUB). Royce & Associates had 101.9 million invested in the company at the end of the quarter. Martin Whitman’s Third Avenue Management also initiated a $16.5 million position during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, Cliff Asness’s AQR Capital Management, and Jacob Gottlieb’s Visium Asset Management.
What do corporate executives and insiders think about Cubic Corporation (NYSE:CUB)?
Insider buying is best served when the company in focus has experienced transactions within the past half-year. Over the last six-month time period, Cubic Corporation (NYSE:CUB) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Cubic Corporation (NYSE:CUB). These stocks are MTS Systems Corporation (NASDAQ:MTSC), Analogic Corporation (NASDAQ:ALOG), II-VI, Inc. (NASDAQ:IIVI), Ion Geophysical Corp (NYSE:IO), and ESCO Technologies Inc. (NYSE:ESE). This group of stocks are in the scientific & technical instruments industry and their market caps are closest to CUB’s market cap.