Aeropostale, Inc. (NYSE:ARO) is falling apart today. We have a metric that told you to sell before today’s crash. Did you listen?
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Thus, let’s analyze the recent info for Aeropostale, Inc. (NYSE:ARO).
What does the smart money think about Aeropostale, Inc. (NYSE:ARO)?
At the end of the second quarter, 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 positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings considerably.
When using filings from the hedgies we track, Matt Sirovich and Jeremy Mindich’s Scopia Capital had the biggest position in Aeropostale, Inc. (NYSE:ARO), worth close to $68 million, accounting for 1.9% of its total 13F portfolio. On Scopia Capital’s heels is Patrick McCormack of Tiger Consumer Management, with a $49.1 million position; the fund has 1.7% of its 13F portfolio invested in the stock. Some other hedgies that hold long positions include Ricky Sandler’s Eminence Capital, Richard S. Pzena’s Pzena Investment Management and Craig C. Albert’s Sheffield Asset Management.
Because Aeropostale, Inc. (NYSE:ARO) has faced a fall in interest from the entirety of the hedge funds we track, it’s easy to see that there was a specific group of fund managers who sold off their positions entirely heading into Q2. Intriguingly, Israel Englander’s Millennium Management cut the biggest position of the 450+ funds we monitor, worth an estimated $9.3 million in stock. David Costen Haley’s fund, HBK Investments, also said goodbye to its stock, about $1 million worth. These transactions are interesting, as aggregate hedge fund interest was cut by 5 funds heading into Q2.
What have insiders been doing with Aeropostale, Inc. (NYSE:ARO)?
Bullish insider trading is best served when the primary stock in question has experienced transactions within the past 180 days. Over the latest 180-day time frame, Aeropostale, Inc. (NYSE:ARO) has seen zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Aeropostale, Inc. (NYSE:ARO). These stocks are Stage Stores Inc (NYSE:SSI), Ann Inc (NYSE:ANN), Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), The Jones Group Inc. (NYSE:JNY), and Children’s Place Retail Stores, Inc. (NASDAQ:PLCE). This group of stocks belong to the apparel stores industry and their market caps are closest to ARO’s market cap.