In the financial world, there are plenty of metrics market participants can use to track publicly traded companies. Two of the best are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite money managers can trounce the S&P 500 by a healthy margin (see just how much).
Just as crucial, bullish insider trading activity is another way to analyze the marketplace. There are lots of motivations for a bullish insider to drop shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of empirical studies have demonstrated the useful potential of this method if “monkeys” understand what to do (learn more here).
Keeping this in mind, it’s important to study the newest info about Superior Industries International Inc. (NYSE:SUP).
Hedge fund activity in Superior Industries International Inc. (NYSE:SUP)
At Q2’s end, a total of 8 of the hedge funds we track held long positions in this stock, a change of -20% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.
Out of the hedge funds we follow, GAMCO Investors, managed by Mario Gabelli, holds the most valuable position in Superior Industries International Inc. (NYSE:SUP). GAMCO Investors has a $30.9 million position in the stock, comprising 0.2% of its 13F portfolio. Sitting at the No. 2 spot is Martin Whitman of Third Avenue Management, with a $27.8 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other hedgies that are bullish include Chuck Royce’s Royce & Associates, Joel Greenblatt’s Gotham Asset Management and Paul Tudor Jones’s Tudor Investment Corp.
Due to the fact Superior Industries International Inc. (NYSE:SUP) has witnessed declining interest from upper-tier hedge fund managers, we can see that there is a sect of hedgies that elected to cut their entire stakes last quarter. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital sold off the largest investment of the “upper crust” of funds we monitor, comprising close to $0.6 million in stock. David Costen Haley’s fund, HBK Investments, also said goodbye to its stock, about $0.2 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 2 funds last quarter.
How are insiders trading Superior Industries International Inc. (NYSE:SUP)?
Insider buying made by high-level executives is best served when the company in focus has seen transactions within the past six months. Over the latest half-year time frame, Superior Industries International Inc. (NYSE:SUP) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Superior Industries International Inc. (NYSE:SUP). These stocks are Modine Manufacturing Co. (NYSE:MOD), Federal-Mogul Corporation (NASDAQ:FDML), Remy International Inc (NASDAQ:REMY), Meritor Inc (NYSE:MTOR), and Gentherm Inc (NASDAQ:THRM). All of these stocks are in the auto parts industry and their market caps are closest to SUP’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Modine Manufacturing Co. (NYSE:MOD)||10||0||0|
|Federal-Mogul Corporation (NASDAQ:FDML)||9||0||0|
|Remy International Inc (NASDAQ:REMY)||3||0||0|
|Meritor Inc (NYSE:MTOR)||20||0||0|
|Gentherm Inc (NASDAQ:THRM)||12||0||0|
Using the returns demonstrated by Insider Monkey’s analyses, average investors must always track hedge fund and insider trading activity, and Superior Industries International Inc. (NYSE:SUP) applies perfectly to this mantra.