Medical Properties Trust, Inc. (NYSE:MPW) was in 9 hedge funds’ portfolio at the end of the first quarter of 2013. MPW shareholders have witnessed a decrease in hedge fund interest of late. There were 10 hedge funds in our database with MPW holdings at the end of the previous quarter.
Equally as key, bullish insider trading sentiment is a second way to break down the marketplace. Just as you’d expect, there are a number of reasons for an insider to cut shares of his or her company, but only one, very clear reason why they would buy. Many academic studies have demonstrated the valuable potential of this tactic if “monkeys” understand where to look (learn more here).
Consequently, let’s take a peek at the key action surrounding Medical Properties Trust, Inc. (NYSE:MPW).
How are hedge funds trading Medical Properties Trust, Inc. (NYSE:MPW)?
Heading into Q2, a total of 9 of the hedge funds we track held long positions in this stock, a change of -10% from the previous quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were upping their holdings significantly.
When looking at the hedgies we track, Amy Minella’s Cardinal Capital had the biggest position in Medical Properties Trust, Inc. (NYSE:MPW), worth close to $37.2 million, comprising 2.3% of its total 13F portfolio. Sitting at the No. 2 spot is Driehaus Capital, managed by Richard Driehaus, which held a $7.3 million position; 0.3% of its 13F portfolio is allocated to the company. Other peers with similar optimism include Cliff Asness’s AQR Capital Management, Brian Ashford-Russell and Tim Woolley’s Polar Capital and Robert B. Gillam’s McKinley Capital Management.
Judging by the fact that Medical Properties Trust, Inc. (NYSE:MPW) has experienced falling interest from hedge fund managers, we can see that there lies a certain “tier” of money managers that slashed their positions entirely last quarter. It’s worth mentioning that J. Alan Reid, Jr.’s Forward Management cut the biggest investment of all the hedgies we key on, valued at close to $19.7 million in stock.. Steven Cohen’s fund, SAC Capital Advisors, also sold off its stock, about $0.2 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 1 funds last quarter.
How are insiders trading Medical Properties Trust, Inc. (NYSE:MPW)?
Bullish insider trading is best served when the primary stock in question has seen transactions within the past six months. Over the last 180-day time frame, Medical Properties Trust, Inc. (NYSE:MPW) has seen zero unique insiders purchasing, and 5 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Medical Properties Trust, Inc. (NYSE:MPW). These stocks are LTC Properties Inc (NYSE:LTC), Omega Healthcare Investors Inc (NYSE:OHI), National Health Investors Inc (NYSE:NHI), Healthcare Trust Of America Inc (NYSE:HTA), and Healthcare Realty Trust Inc (NYSE:HR). This group of stocks are in the reit – healthcare facilities industry and their market caps resemble MPW’s market cap.
