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Should You Sell Comcast Corporation (CMCSA)?

Comcast Corporation (NASDAQ:CMCSA) has experienced a decrease in hedge fund interest lately.

There are many indicators investors can use to analyze the equity markets. A couple of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research has shown that, historically, those who follow the best picks of the best fund managers can beat the market by a significant market (see just how much).

Equally as important, bullish insider trading activity is a second way to parse down the stock market universe. As the old adage goes: there are many reasons for a corporate insider to buy shares of his or her company, but only one, very clear reason why they would buy. Countless academic studies have demonstrated the market-beating potential of this strategy if you know where to look (learn more here).

ComcastWith all of this in mind, we’re going to take a look at the recent action surrounding Comcast Corporation (NASDAQ:CMCSA).

Hedge fund activity in Comcast Corporation (NASDAQ:CMCSA)

At the end of the fourth quarter, a total of 40 hedge funds held long positions in this stock, a change of -18% from the previous quarter. With hedge funds’ sentiment swirling, some notable hedge fund managers were upping their stakes considerably.

Steven Cohen increased his stake by a total of 1089%, the largest of the funds we track. Levin Capital Strategies and Arrowstreet Capital were also increasing their holdings, while Joe Dimenna and Joel Greenblatt established new positions in the stock.

All in all, Jean-Marie Eveillard held the largest position in Comcast Corporation (NASDAQ:CMCSA), ahead of peers Boykin Curry, Ken Fisher, and Ken Griffin.

Insider trading activity in Comcast Corporation (NASDAQ:CMCSA)

Since the start of 2013, the company has seen 0 insider purchase and 2 insider sales.

The latest insider purchase we have on record was a buy of 25,000, shares at an average price of $25.33 a piece. J Michael Angelakis made this transaction, and now holds 478,176 shares after the move.

Likewise, the most recent insider sale came with R Arthur Block’s transaction of 11,479 shares at an average price of $41.

With the results demonstrated by our time-tested strategies, retail investors should always pay attention to hedge fund and insider trading activity.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 25.4% between September 2012 and January 2013 versus 7.4% for the S&P 500 index. Try it now by clicking the link above.

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