Titan International Inc (TWI): Insiders Aren’t Crazy About It But Hedge Funds Love It
At the moment, there are a multitude of methods investors can use to watch publicly traded companies. A pair of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best investment managers can outclass their index-focused peers by a solid margin (see just how much).
Equally as key, bullish insider trading sentiment is a second way to analyze the stock market universe. Just as you'd expect, there are a variety of stimuli for an upper level exec to get rid of shares of his or her company, but just one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the market-beating potential of this tactic if you know where to look (learn more here).
What's more, let's discuss the newest info surrounding Titan International Inc (NYSE:TWI).
What have hedge funds been doing with Titan International Inc (NYSE:TWI)?
Heading into Q3, a total of 15 of the hedge funds we track held long positions in this stock, a change of 25% from one quarter earlier. With the smart money's sentiment swirling, there exists a few notable hedge fund managers who were boosting their holdings significantly.
According to our 13F database, Jay Petschek and Steven Major's Corsair Capital Management had the largest position in Titan International Inc (NYSE:TWI), worth close to $15.7 million, comprising 2% of its total 13F portfolio. The second largest stake is held by Private Capital Management, managed by Gregg J. Powers, which held a $10.8 million position; the fund has 1% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include David Dreman's Dreman Value Management, SAC Subsidiary's Sigma Capital Management and Matthew Hulsizer's PEAK6 Capital Management.
As aggregate interest spiked, particular hedge funds have jumped into Titan International Inc (NYSE:TWI) headfirst. Corsair Capital Management, managed by Jay Petschek and Steven Major, created the most outsized position in Titan International Inc (NYSE:TWI). Corsair Capital Management had 15.7 million invested in the company at the end of the quarter. Gregg J. Powers's Private Capital Management also initiated a $10.8 million position during the quarter. The following funds were also among the new TWI investors: David Dreman's Dreman Value Management, SAC Subsidiary's Sigma Capital Management, and Matthew Hulsizer's PEAK6 Capital Management.
What do corporate executives and insiders think about Titan International Inc (NYSE:TWI)?
Insider buying made by high-level executives is at its handiest when the company we're looking at has experienced transactions within the past six months. Over the latest 180-day time frame, Titan International Inc (NYSE:TWI) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We'll check out the relationship between both of these indicators in other stocks similar to Titan International Inc (NYSE:TWI). These stocks are Myers Industries, Inc. (NYSE:MYE), Berry Plastics Group Inc (NYSE:BERY), Cooper Tire & Rubber Company (NYSE:CTB), Rogers Corporation (NYSE:ROG), and Tredegar Corporation (NYSE:TG). All of these stocks are in the rubber & plastics industry and their market caps resemble TWI's market cap.
# of Hedge Funds
# of Insiders Buying
# of Insiders Selling
Myers Industries, Inc. (NYSE:MYE)
Berry Plastics Group Inc (NYSE:BERY)
Cooper Tire & Rubber Company (NYSE:CTB)
Rogers Corporation (NYSE:ROG)
Tredegar Corporation (NYSE:TG)
Using the returns demonstrated by the previously mentioned studies, regular investors should always watch hedge fund and insider trading activity, and Titan International Inc (NYSE:TWI) is an important part of this process.