Is SolarCity Corp (NASDAQ:SCTY) a good investment?
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Thus, we’re going to discuss the recent info about SolarCity Corp (NASDAQ:SCTY).
How are hedge funds trading SolarCity Corp (NASDAQ:SCTY)?
Heading into Q3, a total of 9 of the hedge funds we track were bullish in this stock, a change of 13% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes considerably.
Out of the hedge funds we follow, Generation Investment Management, managed by David Blood and Al Gore, holds the biggest position in SolarCity Corp (NASDAQ:SCTY). Generation Investment Management has a $159.8 million position in the stock, comprising 3.1% of its 13F portfolio. Coming in second is Ken Griffin of Citadel Investment Group, with a $10.1 million call position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions include Matthew Hulsizer’s PEAK6 Capital Management, and Donald Chiboucis’s Columbus Circle Investors.
Now, certain money managers were leading the bulls’ herd. Generation Investment Management, managed by David Blood and Al Gore, assembled the largest position in SolarCity Corp (NASDAQ:SCTY). Generation Investment Management had 159.8 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $10.1 million position during the quarter. The other funds with brand new SCTY positions are Matthew Hulsizer’s PEAK6 Capital Management, D. E. Shaw’s D E Shaw, and Donald Chiboucis’s Columbus Circle Investors.
What do corporate executives and insiders think about SolarCity Corp (NASDAQ:SCTY)?
Bullish insider trading is at its handiest when the company we’re looking at has seen transactions within the past 180 days. Over the last six-month time frame, SolarCity Corp (NASDAQ:SCTY) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to SolarCity Corp (NASDAQ:SCTY). These stocks are Monolithic Power Systems, Inc. (NASDAQ:MPWR), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), SunPower Corporation (NASDAQ:SPWR), Silicon Laboratories (NASDAQ:SLAB), and Cirrus Logic, Inc. (NASDAQ:CRUS). This group of stocks belong to the semiconductor – specialized industry and their market caps resemble SCTY’s market cap.