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Thus, let’s study the latest info for Hyster-Yale Materials Handling Inc (NYSE:HY).
What have hedge funds been doing with Hyster-Yale Materials Handling Inc (NYSE:HY)?
In preparation for the third quarter, a total of 12 of the hedge funds we track held long positions in this stock, a change of -14% from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were upping their holdings meaningfully.
Since Hyster-Yale Materials Handling Inc (NYSE:HY) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there were a few hedge funds that elected to cut their full holdings last quarter. Intriguingly, Neil Chriss’s Hutchin Hill Capital sold off the largest position of the “upper crust” of funds we monitor, worth close to $0.6 million in stock, and Israel Englander of Millennium Management was right behind this move, as the fund dumped about $0.5 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 2 funds last quarter.
How have insiders been trading Hyster-Yale Materials Handling Inc (NYSE:HY)?
Insider buying made by high-level executives is particularly usable when the company we’re looking at has experienced transactions within the past half-year. Over the latest 180-day time period, Hyster-Yale Materials Handling Inc (NYSE:HY) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to Hyster-Yale Materials Handling Inc (NYSE:HY). These stocks are Oshkosh Corporation (NYSE:OSK), Spartan Motors Inc (NASDAQ:SPAR), Navistar International Corp (NYSE:NAV), Accuride Corporation (NYSE:ACW), and Wabash National Corporation (NYSE:WNC). This group of stocks belong to the trucks & other vehicles industry and their market caps resemble HY’s market cap.
