Should Cantel Medical Corp. (NYSE:CMN) investors track the following data?
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Now that that’s out of the way, let’s study the newest info for Cantel Medical Corp. (NYSE:CMN).
How have hedgies been trading Cantel Medical Corp. (NYSE:CMN)?
Heading into Q3, a total of 8 of the hedge funds we track were bullish in this stock, a change of -11% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings considerably.
When using filings from the hedgies we track, Mark N. Diker’s Diker Management had the biggest position in Cantel Medical Corp. (NYSE:CMN), worth close to $61.1 million, accounting for 18.9% of its total 13F portfolio. On Diker Management’s heels is Mario Gabelli of GAMCO Investors, with a $9.5 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining peers that hold long positions include Chuck Royce’s Royce & Associates, Cliff Asness’s AQR Capital Management and Jim Simons’s Renaissance Technologies.
Because Cantel Medical Corp. (NYSE:CMN) has witnessed dropping sentiment from the entirety of the hedge funds we track, it’s easy to see that there exists a select few hedge funds who sold off their entire stakes last quarter. At the top of the heap, Joel Greenblatt’s Gotham Asset Management said goodbye to the biggest position of the “upper crust” of funds we watch, comprising about $0.4 million in stock. Ken Griffin’s fund, Citadel Investment Group, also dumped its stock, about $0.2 million worth. These transactions are important to note, as total hedge fund interest was cut by 1 funds last quarter.
What have insiders been doing with Cantel Medical Corp. (NYSE:CMN)?
Insider buying is at its handiest when the company in question has seen transactions within the past six months. Over the latest half-year time period, Cantel Medical Corp. (NYSE:CMN) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to Cantel Medical Corp. (NYSE:CMN). These stocks are Endologix, Inc. (NASDAQ:ELGX), Luminex Corporation (NASDAQ:LMNX), Conceptus, Inc. (NASDAQ:CPTS), Tornier N.V. (NASDAQ:TRNX), and ICU Medical, Incorporated (NASDAQ:ICUI). This group of stocks belong to the medical instruments & supplies industry and their market caps match CMN’s market cap.