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Primus Telecommunications (PTGI): Hedge Funds Are Bullish and Insiders Are Undecided, What Should You Do?

Should Primus Telecommunications (NYSE:PTGI) investors track the following data?

To the average investor, there are plenty of gauges investors can use to monitor Mr. Market. A pair of the most under-the-radar 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 best fund managers can outpace the S&P 500 by a very impressive margin (see just how much).

Equally as useful, bullish insider trading sentiment is a second way to analyze the marketplace. There are a variety of reasons for a corporate insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Various academic studies have demonstrated the market-beating potential of this strategy if shareholders understand where to look (learn more here).

What’s more, it’s important to study the newest info for Primus Telecommunications (NYSE:PTGI).

Primus Telecommunications (NYSE:PTGI)

What does the smart money think about Primus Telecommunications (NYSE:PTGI)?

Heading into Q3, a total of 12 of the hedge funds we track held long positions in this stock, a change of 9% from one quarter earlier. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were upping their stakes meaningfully.

When using filings from the hedgies we track, Eric Edidin and Josh Lobel’s Archer Capital Management had the most valuable position in Primus Telecommunications (NYSE:PTGI), worth close to $13.3 million, comprising 2.4% of its total 13F portfolio. On Archer Capital Management’s heels is James Pallotta of Raptor Capital Management, with a $10.8 million position; 5.7% of its 13F portfolio is allocated to the company. Remaining hedgies that hold long positions include Francis Chou’s Chou Associates Management, Andrew Sandler’s Sandler Capital Management and Israel Englander’s Millennium Management.

As aggregate interest spiked, certain bigger names were leading the bulls’ herd. Archer Capital Management, managed by Eric Edidin and Josh Lobel, created the largest position in Primus Telecommunications (NYSE:PTGI). Archer Capital Management had 13.3 million invested in the company at the end of the quarter. James Pallotta’s Raptor Capital Management also made a $10.8 million investment in the stock during the quarter. The following funds were also among the new PTGI investors: Francis Chou’s Chou Associates Management, Andrew Sandler’s Sandler Capital Management, and Israel Englander’s Millennium Management.

What have insiders been doing with Primus Telecommunications (NYSE:PTGI)?

Bullish insider trading is best served when the company in question has seen transactions within the past half-year. Over the latest half-year time frame, Primus Telecommunications (NYSE:PTGI) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Using the returns shown by our tactics, average investors must always watch hedge fund and insider trading activity, and Primus Telecommunications (NYSE:PTGI) is an important part of this process.

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