Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Betting On Casella Waste Systems Inc. (CWST)

As one would reasonably expect, key money managers have jumped into Casella Waste Systems Inc. (NASDAQ:CWST) headfirst. Highbridge Capital Management, managed by Glenn Russell Dubin, initiated the largest position in Casella Waste Systems Inc. (NASDAQ:CWST). Highbridge Capital Management had $0.2 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Casella Waste Systems Inc. (NASDAQ:CWST) but similarly valued. We will take a look at KEYW Holding Corp. (NASDAQ:KEYW), Limoneira Company (NASDAQ:LMNR), NVE Corporation (NASDAQ:NVEC), and P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). All of these stocks’ market caps resemble CWST’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
KEYW 8 5412 1
LMNR 7 9391 -3
NVEC 7 32719 2
PTSI 4 13916 -3

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $15 million. That figure was $56 million in CWST’s case. KEYW Holding Corp. (NASDAQ:KEYW) is the most popular stock in this table. On the other hand P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) is the least popular one with only 4 bullish hedge fund positions. In comparison, Casella Waste Systems Inc. (NASDAQ:CWST) with 14 bullish hedge fund positions is the most popular stock in this group. Since the smart money is behind this stock, it might represent a good buying opportunity at the moment. Hence, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.