Macquarie Infrastructure Company LLC (NYSE:MIC) investors should be aware of an increase in hedge fund interest lately.
In the financial world, there are dozens of metrics shareholders can use to track publicly traded companies. A pair of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can outperform the S&P 500 by a very impressive amount (see just how much).
Equally as important, optimistic insider trading activity is a second way to break down the investments you’re interested in. There are a variety of stimuli for an upper level exec to cut shares of his or her company, but just one, very clear reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this tactic if piggybackers know what to do (learn more here).
Consequently, it’s important to take a glance at the key action regarding Macquarie Infrastructure Company LLC (NYSE:MIC).
What does the smart money think about Macquarie Infrastructure Company LLC (NYSE:MIC)?
At the end of the first quarter, a total of 30 of the hedge funds we track were bullish in this stock, a change of 7% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their holdings meaningfully.
According to our comprehensive database, Senator Investment Group, managed by Doug Silverman and Alexander Klabin, holds the largest position in Macquarie Infrastructure Company LLC (NYSE:MIC). Senator Investment Group has a $216.2 million position in the stock, comprising 2.6% of its 13F portfolio. On Senator Investment Group’s heels is Eric Edidin and Josh Lobel of Archer Capital Management, with a $65.9 million position; 11.5% of its 13F portfolio is allocated to the company. Some other hedge funds with similar optimism include Jim Simons’s Renaissance Technologies, Jamie Zimmerman’s Litespeed Management and Peter S. Park’s Park West Asset Management.
With a general bullishness amongst the heavyweights, key money managers were leading the bulls’ herd. CR Intrinsic Investors, managed by SAC Subsidiary, established the biggest position in Macquarie Infrastructure Company LLC (NYSE:MIC). CR Intrinsic Investors had 5.4 million invested in the company at the end of the quarter. George Soros’s Soros Fund Management also made a $1.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Glenn Russell Dubin’s Highbridge Capital Management and Matthew Hulsizer’s PEAK6 Capital Management.
What have insiders been doing with Macquarie Infrastructure Company LLC (NYSE:MIC)?
Insider trading activity, especially when it’s bullish, is most useful when the company in focus has seen transactions within the past 180 days. Over the latest six-month time period, Macquarie Infrastructure Company LLC (NYSE:MIC) has seen 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).
With the returns shown by our research, everyday investors should always watch hedge fund and insider trading sentiment, and Macquarie Infrastructure Company LLC (NYSE:MIC) shareholders fit into this picture quite nicely.