Quiksilver, Inc. (NYSE:ZQK) has seen an increase in hedge fund interest in recent months.
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With these “truths” under our belt, it’s important to take a peek at the key action surrounding Quiksilver, Inc. (NYSE:ZQK).
What have hedge funds been doing with Quiksilver, Inc. (NYSE:ZQK)?
At the end of the first quarter, a total of 12 of the hedge funds we track were bullish in this stock, a change of 9% from the first quarter.
Consequently, specific money managers were breaking ground themselves. HBK Investments, managed by David Costen Haley, established the largest position in Quiksilver, Inc. (NYSE:ZQK). HBK Investments had 1.9 million invested in the company at the end of the quarter. Steven Cohen’s SAC Capital Advisors also made a $0.4 million investment in the stock during the quarter. The only other fund with a brand new ZQK position is Neil Chriss’s Hutchin Hill Capital.
How are insiders trading Quiksilver, Inc. (NYSE:ZQK)?
Insider trading activity, especially when it’s bullish, is particularly usable when the company in focus has seen transactions within the past 180 days. Over the last 180-day time period, Quiksilver, Inc. (NYSE:ZQK) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Quiksilver, Inc. (NYSE:ZQK). These stocks are Columbia Sportswear Company (NASDAQ:COLM), UniFirst Corp (NYSE:UNF), True Religion Apparel, Inc. (NASDAQ:TRLG), G-III Apparel Group, Ltd. (NASDAQ:GIII), and Oxford Industries, Inc. (NYSE:OXM). This group of stocks belong to the textile – apparel clothing industry and their market caps are similar to ZQK’s market cap.