Here’s Why Monster Worldwide Inc. (MWW), Oceaneering International Inc. (OII) & Three Other Stocks Are Trending Today

Factory production data reported a third increase in four months while Bank of America announced better than expected quarterly results. The broader markets have opened jittery with indices trading in negative territory, but are currently slightly in the green.

Meanwhile, a number of stocks are trading today, including Monster Worldwide Inc. (NYSE:MWW), Oceaneering International Inc. (NYSE:OII), InspireMD Inc. (NYSEMKT:NSPR), Almost Family Inc. (NASDAQ:AFAM) and Community Health Systems (NYSE:CYH). In this article, we will discuss the latest news surrounding these stocks and will assess the smart money sentiment towards them.

The smart money sentiment is an important metric that can be used to assess the long-term profitability of a stock. While there are thousands of stocks trading daily on the market, taking a look at what hedge funds think about certain companies can narrow down the search significantly. At Insider Monkey, we track more than 740 hedge funds, whose 13F filings we analyze as part of our small-cap strategy. Our research has shown that imitating a portfolio that includes the 15 most popular small-cap stocks among hedge funds can outperform the market by as much as 95 basis points per month on average (see more details here).

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Monster Worldwide Inc. (NYSE:MWW) stock in the spotlight on the back of the company’s announcement setting the record date for a proposed consent solicitation received from MediaNews Group Inc., which opposes the agreement between Monster Worldwide Inc. (NYSE:MWW) and Randstad North America Inc., which involves the acquisition of Monster Worldwide at $3.40 per share. The consent solicitation date was set at October 25 and Monster Worldwide board recommends disregarding MNG’s consent solicitation and tender their shares. Among the funds we track, 19 funds held $26 million worth of Monster Worldwide’s stock in aggregate at the end of June, having amassed 12.50% of its outstanding stock, compared to 19 investors that held $34 million worth of shares a quarter earlier.

Oceaneering International Inc. (NYSE:OII) stock has inched down by 0.90% on the news that the company has acquired Blue Ocean Technologies. The deal will help Oceaneering International in boosting its subsea services and offer riserless light well intervention. The all cash deal is worth $30 million with Oceaneering International investing about $10 million for completing the construction of the two RLWI system. The number of funds from our database long Oceaneering International Inc. (NYSE:OII) advanced to 32 from 24 during the second quarter, while the total value of their holdings declined to $188 million from $196 million.

InspireMD Inc. (NYSEMKT:NSPR) stock dipped 7% lower in the current trading session despite the company reporting an independent study published in the Journal of Endovascular Therapy. The study supports the clinical utility and benefit of the InspireMD’s  Carotid CGuard™ Double-Layered Embolic Prevention Stent. The company is engaged in the business of developing embolic prevention systems (EPS), thrombus management technologies and neurovascular devices. Two hedge funds from our database have positions in InspireMD that were worth $66.000 at the end of June, down from $467,000 in stock held by four funds a quarter earlier.

Almost Family Inc. (NASDAQ:AFAM) stock has gained 8% and Community Health Systems (NYSE:CYH) stocks is down by 0.30% as the companies announced entering into a definitive agreement for Almost Family purchasing an 80% stake in Home Health division from Community Health Systems for $128 million. The transaction is likely to be completed in the fourth quarter of the year and is expected to be accretive to Almost Family’s EPS in 2017. With this acquisition, Almost Family will have 340 branches across 26 states. A total of 14 funds from our database amassed about $75 million of Almost Family stock at the end of June. Meanwhile, the number of funds long Community Health stood at 33 and the aggregate value of their holdings amounted to $280 million at the end of the second quarter.

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