Hedge Funds Are Betting On The Ryland Group, Inc. (RYL)
Should investors be bullish on The Ryland Group, Inc. (NYSE:RYL)?
To the average investor, there are a multitude of gauges market participants can use to monitor their holdings. A duo of the most useful are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top hedge fund managers can outperform the S&P 500 by a superb margin (see just how much).
Just as crucial, positive insider trading sentiment is another way to analyze the world of equities. Obviously, there are a variety of reasons for an upper level exec to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Many academic studies have demonstrated the useful potential of this method if you understand what to do (learn more here).
Thus, we're going to examine the latest info for The Ryland Group, Inc. (NYSE:RYL).
What have hedge funds been doing with The Ryland Group, Inc. (NYSE:RYL)?
In preparation for the third quarter, a total of 20 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 capital changing hands, there exists an "upper tier" of key hedge fund managers who were upping their stakes considerably.
When using filings from the hedgies we track, Matthew Hulsizer's PEAK6 Capital Management had the most valuable position in The Ryland Group, Inc. (NYSE:RYL), worth close to $217.4 million, comprising 0.8% of its total 13F portfolio. Sitting at the No. 2 spot is Ken Fisher of Fisher Asset Management, with a $107.6 million position; 0.3% of its 13F portfolio is allocated to the company. Some other hedgies that are bullish include Donald Chiboucis's Columbus Circle Investors, Crispin Odey's Odey Asset Management Group and David Costen Haley's HBK Investments.
Consequently, certain money managers were breaking ground themselves. PEAK6 Capital Management, managed by Matthew Hulsizer, assembled the most valuable position in The Ryland Group, Inc. (NYSE:RYL). PEAK6 Capital Management had 217.4 million invested in the company at the end of the quarter. Ken Fisher's Fisher Asset Management also initiated a $107.6 million position during the quarter. The other funds with brand new RYL positions are Daniel S. Och's OZ Management, Donald Chiboucis's Columbus Circle Investors, and Crispin Odey's Odey Asset Management Group.
Insider trading activity in The Ryland Group, Inc. (NYSE:RYL)
Insider buying made by high-level executives is particularly usable when the company in focus has seen transactions within the past 180 days. Over the latest half-year time frame, The Ryland Group, Inc. (NYSE:RYL) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We'll also examine the relationship between both of these indicators in other stocks similar to The Ryland Group, Inc. (NYSE:RYL). These stocks are Gafisa SA (ADR) (NYSE:GFA), Meritage Homes Corp (NYSE:MTH), M.D.C. Holdings, Inc. (NYSE:MDC), KB Home (NYSE:KBH), and Standard Pacific Corp. (NYSE:SPF). This group of stocks are the members of the residential construction industry and their market caps are closest to RYL's market cap.
# of Hedge Funds
# of Insiders Buying
# of Insiders Selling
Gafisa SA (ADR) (NYSE:GFA)
Meritage Homes Corp (NYSE:MTH)
M.D.C. Holdings, Inc. (NYSE:MDC)
KB Home (NYSE:KBH)
Standard Pacific Corp. (NYSE:SPF)
Using the returns explained by Insider Monkey's strategies, average investors should always track hedge fund and insider trading activity, and The Ryland Group, Inc. (NYSE:RYL) applies perfectly to this mantra.