MDU Resources Group Inc (NYSE:MDU) was in 8 hedge funds’ portfolio at the end of the fourth quarter of 2012. MDU investors should be aware of a decrease in hedge fund interest in recent months. There were 8 hedge funds in our database with MDU positions at the end of the previous quarter.
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Keeping this in mind, let’s take a peek at the recent action encompassing MDU Resources Group Inc (NYSE:MDU).
Hedge fund activity in MDU Resources Group Inc (NYSE:MDU)
In preparation for this year, a total of 8 of the hedge funds we track were long in this stock, a change of 0% from one quarter earlier. With hedgies’ sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes significantly.
Of the funds we track, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in MDU Resources Group Inc (NYSE:MDU). Citadel Investment Group has a $14.5 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Sitting at the No. 2 spot is Millennium Management, managed by Israel Englander, which held a $12.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedge funds that are bullish include Cliff Asness’s AQR Capital Management, D. E. Shaw’s D E Shaw and Steven Cohen’s SAC Capital Advisors.
How have insiders been trading MDU Resources Group Inc (NYSE:MDU)?
Insider purchases made by high-level executives is particularly usable when the company in focus has experienced transactions within the past six months. Over the latest six-month time frame, MDU Resources Group Inc (NYSE:MDU) has seen 1 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to MDU Resources Group Inc (NYSE:MDU). These stocks are RPC, Inc. (NYSE:RES), Core Laboratories N.V. (NYSE:CLB), Dril-Quip, Inc. (NYSE:DRQ), Superior Energy Services, Inc. (NYSE:SPN), and Oil States International, Inc. (NYSE:OIS). This group of stocks are in the oil & gas equipment & services industry and their market caps are similar to MDU’s market cap.
