Atwood Oceanics, Inc. (NYSE:ATW) was in 14 hedge funds’ portfolio at the end of the first quarter of 2013. ATW shareholders have witnessed an increase in support from the world’s most elite money managers of late. There were 12 hedge funds in our database with ATW holdings at the end of the previous quarter.
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With all of this in mind, we’re going to take a gander at the key action surrounding Atwood Oceanics, Inc. (NYSE:ATW).
How have hedgies been trading Atwood Oceanics, Inc. (NYSE:ATW)?
Heading into Q2, a total of 14 of the hedge funds we track were bullish in this stock, a change of 17% from the previous quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes meaningfully.
When looking at the hedgies we track, Dreman Value Management, managed by David Dreman, holds the largest position in Atwood Oceanics, Inc. (NYSE:ATW). Dreman Value Management has a $37.4 million position in the stock, comprising 1% of its 13F portfolio. Sitting at the No. 2 spot is First Pacific Advisors LLC, managed by Robert Rodriguez and Steven Romick, which held a $30.3 million position; 0.3% of its 13F portfolio is allocated to the company. Some other peers with similar optimism include Jim Simons’s Renaissance Technologies, and Greg Poole’s Echo Street Capital Management.
Consequently, some big names were breaking ground themselves. First Pacific Advisors LLC, managed by Robert Rodriguez and Steven Romick, assembled the most valuable position in Atwood Oceanics, Inc. (NYSE:ATW). First Pacific Advisors LLC had 30.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $11.8 million investment in the stock during the quarter. The other funds with brand new ATW positions are Richard Driehaus’s Driehaus Capital, D. E. Shaw’s D E Shaw, and Paul Tudor Jones’s Tudor Investment Corp.
Insider trading activity in Atwood Oceanics, Inc. (NYSE:ATW)
Bullish insider trading is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the latest half-year time period, Atwood Oceanics, Inc. (NYSE:ATW) has seen zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Atwood Oceanics, Inc. (NYSE:ATW). These stocks are Pengrowth Energy Corp (USA) (NYSE:PGH), Rowan Companies PLC (NYSE:RDC), Halcon Resources Corp (NYSE:HK), Enerplus Corp (USA) (NYSE:ERF), and Patterson-UTI Energy, Inc. (NASDAQ:PTEN). All of these stocks are in the oil & gas drilling & exploration industry and their market caps are closest to ATW’s market cap.
