Orbitz Worldwide, Inc. (NYSE:OWW) was in 12 hedge funds’ portfolio at the end of March. OWW investors should pay attention to an increase in activity from the world’s largest hedge funds recently. There were 9 hedge funds in our database with OWW positions at the end of the previous quarter.
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With all of this in mind, it’s important to take a gander at the key action surrounding Orbitz Worldwide, Inc. (NYSE:OWW).
What does the smart money think about Orbitz Worldwide, Inc. (NYSE:OWW)?
At Q1’s end, a total of 12 of the hedge funds we track held long positions in this stock, a change of 33% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their stakes meaningfully.
Of the funds we track, PAR Capital Management, managed by Paul Reeder and Edward Shapiro, holds the largest position in Orbitz Worldwide, Inc. (NYSE:OWW). PAR Capital Management has a $140.5 million position in the stock, comprising 4.4% of its 13F portfolio. The second largest stake is held by D E Shaw, managed by D. E. Shaw, which held a $9.6 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining hedgies with similar optimism include Joel Greenblatt’s Gotham Asset Management, Israel Englander’s Millennium Management and Brad Gerstner’s Altimeter Capital Management.
As aggregate interest increased, specific money managers were leading the bulls’ herd. Algert Coldiron Investors, managed by Peter Algert and Kevin Coldiron, initiated the largest position in Orbitz Worldwide, Inc. (NYSE:OWW). Algert Coldiron Investors had 0.4 million invested in the company at the end of the quarter. Steven Cohen’s SAC Capital Advisors also made a $0.3 million investment in the stock during the quarter. The other funds with brand new OWW positions are Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, Jeffrey Vinik’s Vinik Asset Management, and Matthew Hulsizer’s PEAK6 Capital Management.
What do corporate executives and insiders think about Orbitz Worldwide, Inc. (NYSE:OWW)?
Insider buying is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest 180-day time frame, Orbitz Worldwide, Inc. (NYSE:OWW) has experienced zero unique insiders purchasing, and 12 insider sales (see the details of insider trades here).
With the returns shown by Insider Monkey’s tactics, retail investors should always keep an eye on hedge fund and insider trading sentiment, and Orbitz Worldwide, Inc. (NYSE:OWW) shareholders fit into this picture quite nicely.