Sunstone Hotel Investors Inc (NYSE:SHO) was in 16 hedge funds’ portfolio at the end of December. SHO investors should be aware of an increase in hedge fund interest recently. There were 15 hedge funds in our database with SHO holdings at the end of the previous quarter.
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With these “truths” under our belt, let’s take a gander at the recent action regarding Sunstone Hotel Investors Inc (NYSE:SHO).
Hedge fund activity in Sunstone Hotel Investors Inc (NYSE:SHO)
At the end of the fourth quarter, a total of 16 of the hedge funds we track held long positions in this stock, a change of 7% from the third quarter. With the smart money’s capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes substantially.
Of the funds we track, Ken Heebner’s Capital Growth Management had the most valuable position in Sunstone Hotel Investors Inc (NYSE:SHO), worth close to $55 million, comprising 1.4% of its total 13F portfolio. Sitting at the No. 2 spot is James H. Litinsk of JHL Capital Group, with a $41 million position; the fund has 6% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Israel Englander’s Millennium Management, J. Alan Reid, Jr.’s Forward Management and Glenn Fuhrman and John Phelan’s MSD Capital.
With a general bullishness amongst the heavyweights, key hedge funds have jumped into Sunstone Hotel Investors Inc (NYSE:SHO) headfirst. Whitebox Advisors, managed by Andy Redleaf, initiated the most valuable position in Sunstone Hotel Investors Inc (NYSE:SHO). Whitebox Advisors had 1 million invested in the company at the end of the quarter.
Insider trading activity in Sunstone Hotel Investors Inc (NYSE:SHO)
Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has experienced transactions within the past 180 days. Over the latest half-year time period, Sunstone Hotel Investors Inc (NYSE:SHO) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
With the returns shown by our tactics, retail investors should always watch hedge fund and insider trading sentiment, and Sunstone Hotel Investors Inc (NYSE:SHO) is no exception.
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