Is Jefferies Group, Inc. (NYSE:JEF) the right pick for your portfolio? Prominent investors are taking a bearish view. The number of long hedge fund bets were cut by 2 lately.
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With these “truths” under our belt, it’s important to take a glance at the recent action surrounding Jefferies Group, Inc. (NYSE:JEF).
Hedge fund activity in Jefferies Group, Inc. (NYSE:JEF)
Heading into 2013, a total of 19 of the hedge funds we track held long positions in this stock, a change of -10% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their holdings considerably.
When looking at the hedgies we track, Ian Cumming and Joseph Steinberg’s Leucadia National had the biggest position in Jefferies Group, Inc. (NYSE:JEF), worth close to $1.077 billion, comprising 97% of its total 13F portfolio. Coming in second is Alpine Associates, managed by Robert Emil Zoellner, which held a $78 million position; the fund has 3.2% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include Bruce Berkowitz’s Fairholme (FAIRX), Clint Carlson’s Carlson Capital and Cliff Asness’s AQR Capital Management.
Seeing as Jefferies Group, Inc. (NYSE:JEF) has experienced bearish sentiment from hedge fund managers, logic holds that there exists a select few hedge funds who sold off their positions entirely at the end of the year. Intriguingly, Brian Taylor’s Pine River Capital Management dumped the biggest position of all the hedgies we key on, totaling close to $14 million in stock., and Israel Englander of Millennium Management was right behind this move, as the fund sold off about $12 million worth. These moves are important to note, as aggregate hedge fund interest was cut by 2 funds at the end of the year.
How are insiders trading Jefferies Group, Inc. (NYSE:JEF)?
Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has experienced transactions within the past six months. Over the last half-year time period, Jefferies Group, Inc. (NYSE:JEF) has experienced 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).
With the results shown by Insider Monkey’s strategies, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and Jefferies Group, Inc. (NYSE:JEF) applies perfectly to this mantra.
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