Hedge Funds Are Dumping Exterran Holdings, Inc. (EXH)

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Thus, we’re going to discuss the recent info for Exterran Holdings, Inc. (NYSE:EXH).

Hedge fund activity in Exterran Holdings, Inc. (NYSE:EXH)

In preparation for the third quarter, a total of 20 of the hedge funds we track were long in this stock, a change of -9% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their stakes considerably.

According to our 13F database, Clint Carlson’s Carlson Capital had the biggest position in Exterran Holdings, Inc. (NYSE:EXH), worth close to $115.6 million, comprising 1.4% of its total 13F portfolio. On Carlson Capital’s heels is Royce & Associates, managed by Chuck Royce, which held a $26.8 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other peers with similar optimism include Steven Cohen’s SAC Capital Advisors, SAC Subsidiary’s Sigma Capital Management and Jim Simons’s Renaissance Technologies.

Because Exterran Holdings, Inc. (NYSE:EXH) has experienced declining interest from the smart money’s best and brightest, we can see that there exists a select few hedge funds who sold off their full holdings at the end of the second quarter. Interestingly, Jeffrey Vinik’s Vinik Asset Management dropped the biggest position of all the hedgies we key on, worth an estimated $7.7 million in stock, and Bruce Kovner of Caxton Associates LP was right behind this move, as the fund dumped about $5.4 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 2 funds at the end of the second quarter.

How have insiders been trading Exterran Holdings, Inc. (NYSE:EXH)?

Insider buying made by high-level executives is at its handiest when the company we’re looking at has experienced transactions within the past 180 days. Over the last six-month time period, Exterran Holdings, Inc. (NYSE:EXH) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Exterran Holdings, Inc. (NYSE:EXH). These stocks are Helix Energy Solutions Group Inc. (NYSE:HLX), Lufkin Industries, Inc. (NASDAQ:LUFK), Energy XXI (Bermuda) Limited (NASDAQ:EXXI), CARBO Ceramics Inc. (NYSE:CRR), and Hornbeck Offshore Services, Inc. (NYSE:HOS). This group of stocks are in the oil & gas equipment & services industry and their market caps are closest to EXH’s market cap.

Using the returns shown by our tactics, average investors should always pay attention to hedge fund and insider trading sentiment, and Exterran Holdings, Inc. (NYSE:EXH) is an important part of this process.

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