Cousins Properties Inc (NYSE:CUZ) has experienced a decrease in hedge fund sentiment of late.
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Now, let’s take a look at the recent action encompassing Cousins Properties Inc (NYSE:CUZ).
What does the smart money think about Cousins Properties Inc (NYSE:CUZ)?
In preparation for this quarter, a total of 9 of the hedge funds we track held long positions in this stock, a change of -10% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their stakes considerably.
According to our comprehensive database, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Cousins Properties Inc (NYSE:CUZ). Royce & Associates has a $9.2 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by Jim Simons of Renaissance Technologies, with a $5.7 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include John Overdeck and David Siegel’s Two Sigma Advisors, Israel Englander’s Millennium Management and Cliff Asness’s AQR Capital Management.
Judging by the fact that Cousins Properties Inc (NYSE:CUZ) has experienced a declination in interest from the smart money, it’s safe to say that there lies a certain “tier” of hedgies that slashed their full holdings last quarter. It’s worth mentioning that Ken Griffin’s Citadel Investment Group said goodbye to the largest investment of the “upper crust” of funds we monitor, valued at about $0.7 million in stock., and Ben Levine, Andrew Manuel and Stefan Renold of LMR Partners was right behind this move, as the fund cut about $0.1 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest was cut by 1 funds last quarter.
What have insiders been doing with Cousins Properties Inc (NYSE:CUZ)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has experienced transactions within the past six months. Over the last 180-day time frame, Cousins Properties Inc (NYSE:CUZ) has seen zero unique insiders buying, and 2 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Cousins Properties Inc (NYSE:CUZ). These stocks are Anworth Mortgage Asset Corporation (NYSE:ANH), iStar Financial Inc. (NYSE:SFI), Crexus Investment Corp (NYSE:CXS), Capstead Mortgage Corporation (NYSE:CMO), and Investors Real Estate Trust (NYSE:IRET). This group of stocks belong to the reit – diversified industry and their market caps resemble CUZ’s market cap.
