Is it smart to be bullish on Briggs & Stratton Corporation (NYSE:BGG)?
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Keeping this in mind, it’s important to analyze the newest info for Briggs & Stratton Corporation (NYSE:BGG).
What does the smart money think about Briggs & Stratton Corporation (NYSE:BGG)?
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 67% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes meaningfully.
Consequently, particular hedge funds were leading the bulls’ herd. Odey Asset Management Group, managed by Crispin Odey, created the most valuable position in Briggs & Stratton Corporation (NYSE:BGG). Odey Asset Management Group had 18.5 million invested in the company at the end of the quarter. Chuck Royce’s Royce & Associates also made a $12.7 million investment in the stock during the quarter. The following funds were also among the new BGG investors: David Dreman’s Dreman Value Management, Ken Griffin’s Citadel Investment Group, and Israel Englander’s Millennium Management.
How are insiders trading Briggs & Stratton Corporation (NYSE:BGG)?
Legal insider trading, particularly when it’s bullish, is best served when the company in question has experienced transactions within the past 180 days. Over the last half-year time frame, Briggs & Stratton Corporation (NYSE:BGG) has seen zero unique insiders purchasing, 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 Briggs & Stratton Corporation (NYSE:BGG). These stocks are Luxfer Holdings PLC (ADR) (NYSE:LXFR), Hillenbrand, Inc. (NYSE:HI), Edwards Group Ltd (NASDAQ:EVAC), AIXTRON SE (ADR) (NASDAQ:AIXG), and MKS Instruments, Inc. (NASDAQ:MKSI). All of these stocks are in the diversified machinery industry and their market caps match BGG’s market cap.
