Dreamworks Animation Skg Inc (NASDAQ:DWA) was in 13 hedge funds’ portfolio at the end of March. DWA investors should pay attention to an increase in support from the world’s most elite money managers lately. There were 9 hedge funds in our database with DWA positions at the end of the previous quarter.
At the moment, there are dozens of methods investors can use to analyze their holdings. A couple of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can beat the S&P 500 by a very impressive margin (see just how much).
Equally as integral, bullish insider trading activity is a second way to parse down the financial markets. Just as you’d expect, there are a variety of motivations for a bullish insider to get rid of shares of his or her company, but just one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this strategy if you know where to look (learn more here).
With these “truths” under our belt, we’re going to take a peek at the recent action regarding Dreamworks Animation Skg Inc (NASDAQ:DWA).
What does the smart money think about Dreamworks Animation Skg Inc (NASDAQ:DWA)?
In preparation for this quarter, a total of 13 of the hedge funds we track were long in this stock, a change of 44% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their holdings significantly.
According to our comprehensive database, TriOaks Capital Management, managed by Jeffrey Jon Berney, holds the largest position in Dreamworks Animation Skg Inc (NASDAQ:DWA). TriOaks Capital Management has a $23.6 million position in the stock, comprising 3.2% of its 13F portfolio. Sitting at the No. 2 spot is Royce & Associates, managed by Chuck Royce, which held a $14.2 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, Michael Doheny’s Freshford Capital Management and Spencer M. Waxman’s Shannon River Fund Management.
As one would reasonably expect, specific money managers have been driving this bullishness. TriOaks Capital Management, managed by Jeffrey Jon Berney, initiated the most outsized position in Dreamworks Animation Skg Inc (NASDAQ:DWA). TriOaks Capital Management had 23.6 million invested in the company at the end of the quarter. Michael Doheny’s Freshford Capital Management also initiated a $10.4 million position during the quarter. The other funds with brand new DWA positions are Spencer M. Waxman’s Shannon River Fund Management, Jim Simons’s Renaissance Technologies, and Cliff Asness’s AQR Capital Management.
What do corporate executives and insiders think about Dreamworks Animation Skg Inc (NASDAQ:DWA)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past half-year. Over the latest 180-day time frame, Dreamworks Animation Skg Inc (NASDAQ:DWA) has experienced zero unique insiders buying, and 2 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Dreamworks Animation Skg Inc (NASDAQ:DWA). These stocks are Carmike Cinemas, Inc. (NASDAQ:CKEC), RealD (NYSE:RLD), Cinemark Holdings, Inc. (NYSE:CNK), Lions Gate Entertainment Corp. (USA) (NYSE:LGF), and Regal Entertainment Group (NYSE:RGC). This group of stocks are in the movie production, theaters industry and their market caps match DWA’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Carmike Cinemas, Inc. (NASDAQ:CKEC)||20||2||0|
|Cinemark Holdings, Inc. (NYSE:CNK)||22||0||5|
|Lions Gate Entertainment Corp. (USA) (NYSE:LGF)||24||0||1|
|Regal Entertainment Group (NYSE:RGC)||11||0||0|
With the returns exhibited by the aforementioned tactics, everyday investors must always keep an eye on hedge fund and insider trading activity, and Dreamworks Animation Skg Inc (NASDAQ:DWA) is an important part of this process.