BCE Inc. (USA) (NYSE:BCE) has experienced a decrease in activity from the world’s largest hedge funds lately.
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With all of this in mind, it’s important to take a peek at the recent action surrounding BCE Inc. (USA) (NYSE:BCE).
How are hedge funds trading BCE Inc. (USA) (NYSE:BCE)?
Heading into 2013, a total of 8 of the hedge funds we track held long positions in this stock, a change of -43% from the previous quarter. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their holdings substantially.
Of the funds we track, Jim Simons’s Renaissance Technologies had the biggest position in BCE Inc. (USA) (NYSE:BCE), worth close to $33.4 million, comprising 0.1% of its total 13F portfolio. On Renaissance Technologies’s heels is Fairfax Financial Holdings, managed by Prem Watsa, which held a $11.5 million position; 0.5% of its 13F portfolio is allocated to the stock. Some other hedgies that hold long positions include D. E. Shaw’s D E Shaw, Mario Gabelli’s GAMCO Investors and Robert B. Gillam’s McKinley Capital Management.
Since BCE Inc. (USA) (NYSE:BCE) has experienced declining sentiment from hedge fund managers, it’s easy to see that there is a sect of money managers that decided to sell off their positions entirely heading into 2013. Interestingly, Louis Navellier’s Navellier & Associates dumped the biggest investment of all the hedgies we monitor, comprising about $49.2 million in stock., and Ray Dalio of Bridgewater Associates was right behind this move, as the fund cut about $18.9 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 6 funds heading into 2013.
How have insiders been trading BCE Inc. (USA) (NYSE:BCE)?
Insider purchases made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the last half-year time period, BCE Inc. (USA) (NYSE:BCE) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to BCE Inc. (USA) (NYSE:BCE). These stocks are Windstream Corporation (NASDAQ:WIN), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), CenturyLink, Inc. (NYSE:CTL), and Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT). This group of stocks are the members of the telecom services – domestic industry and their market caps are similar to BCE’s market cap.
