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Navistar International Corp (NAV): Insiders Aren’t Crazy About It But Hedge Funds Love It

To the average investor, there are a multitude of methods market participants can use to watch publicly traded companies. Some of the most useful are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top fund managers can outpace the broader indices by a superb amount (see just how much).

Equally as key, positive insider trading sentiment is another way to look at the world of equities. Obviously, there are a number of motivations for a corporate insider to cut shares of his or her company, but just one, very simple reason why they would buy. Various empirical studies have demonstrated the impressive potential of this strategy if you know what to do (learn more here).

Furthermore, we’re going to analyze the latest info about Navistar International Corp (NYSE:NAV).

Hedge fund activity in Navistar International Corp (NYSE:NAV)

At the end of the second quarter, a total of 24 of the hedge funds we track were long in this stock, a change of 20% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their stakes significantly.

Navistar International Corp (NAV)When using filings from the hedgies we track, MHR Fund Management, managed by Mark Rachesky, holds the biggest position in Navistar International Corp (NYSE:NAV). MHR Fund Management has a $333.1 million position in the stock, comprising 11.5% of its 13F portfolio. Coming in second is Carl Icahn of Icahn Capital LP, with a $328.8 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Other peers that hold long positions include Mario Gabelli’s GAMCO Investors, Rob Citrone’s Discovery Capital Management and Kenneth Mario Garschina’s Mason Capital Management.

As one would understandably expect, certain bigger names have jumped into Navistar International Corp (NYSE:NAV) headfirst. MHR Fund Management, managed by Mark Rachesky, assembled the biggest position in Navistar International Corp (NYSE:NAV). MHR Fund Management had 333.1 million invested in the company at the end of the quarter. Carl Icahn’s Icahn Capital LP also initiated a $328.8 million position during the quarter. The other funds with new positions in the stock are Mario Gabelli’s GAMCO Investors, Rob Citrone’s Discovery Capital Management, and Kenneth Mario Garschina’s Mason Capital Management.

How have insiders been trading Navistar International Corp (NYSE:NAV)?

Insider buying is particularly usable when the primary stock in question has seen transactions within the past half-year. Over the last 180-day time frame, Navistar International Corp (NYSE:NAV) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Navistar International Corp (NYSE:NAV). These stocks are Accuride Corporation (NYSE:ACW), PACCAR Inc (NASDAQ:PCAR), Wabash National Corporation (NYSE:WNC), Hyster-Yale Materials Handling Inc (NYSE:HY), and Oshkosh Corporation (NYSE:OSK). This group of stocks belong to the trucks & other vehicles industry and their market caps are closest to NAV’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Accuride Corporation (NYSE:ACW) 9 0 0
Wabash National Corporation (NYSE:WNC) 14 0 0
Hyster-Yale Materials Handling Inc (NYSE:HY) 12 0 0
Oshkosh Corporation (NYSE:OSK) 18 0 0

Using the returns shown by our research, regular investors must always watch hedge fund and insider trading activity, and Navistar International Corp (NYSE:NAV) is no exception.

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