Sealy Corporation (NYSE:ZZ) was in 14 hedge funds’ portfolio at the end of December. ZZ investors should pay attention to a decrease in hedge fund interest recently. There were 17 hedge funds in our database with ZZ holdings at the end of the previous quarter.
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With these “truths” under our belt, we’re going to take a peek at the latest action encompassing Sealy Corporation (NYSE:ZZ).
Hedge fund activity in Sealy Corporation (NYSE:ZZ)
At year’s end, a total of 14 of the hedge funds we track were long in this stock, a change of -18% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings significantly.
When looking at the hedgies we track, Rehan Jaffer’s H Partners Management had the most valuable position in Sealy Corporation (NYSE:ZZ), worth close to $38 million, comprising 3.5% of its total 13F portfolio. Sitting at the No. 2 spot is Hudson Bay Capital Management, managed by Sander Gerber, which held a $25 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedge funds with similar optimism include Paul Glazer’s Glazer Capital, Cliff Asness’s AQR Capital Management and Kyle Bass’s Hayman Advisors.
Due to the fact that Sealy Corporation (NYSE:ZZ) has experienced a declination in interest from the smart money, logic holds that there lies a certain “tier” of hedge funds that slashed their full holdings at the end of the year. It’s worth mentioning that Andrew Weiss’s Weiss Asset Management cut the biggest investment of the 450+ funds we track, comprising close to $2 million in stock.. Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s fund, GRT Capital Partners, also cut its stock, about $0 million worth. These moves are important to note, as aggregate hedge fund interest was cut by 3 funds at the end of the year.
Insider trading activity in Sealy Corporation (NYSE:ZZ)
Insider trading activity, especially when it’s bullish, is most useful when the company in focus has seen transactions within the past six months. Over the latest 180-day time period, Sealy Corporation (NYSE:ZZ) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).
With the returns shown by our time-tested strategies, retail investors should always monitor hedge fund and insider trading sentiment, and Sealy Corporation (NYSE:ZZ) is no exception.
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