Is Con-way Inc (NYSE:CNW) a good investment?
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Furthermore, let’s study the newest info about Con-way Inc (NYSE:CNW).
What does the smart money think about Con-way Inc (NYSE:CNW)?
Heading into Q3, a total of 19 of the hedge funds we track were long in this stock, a change of 27% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their holdings meaningfully.
As industrywide interest increased, certain money managers were breaking ground themselves. Pzena Investment Management, managed by Richard S. Pzena, established the most outsized position in Con-way Inc (NYSE:CNW). Pzena Investment Management had 49 million invested in the company at the end of the quarter. Alexander Mitchell’s Scopus Asset Management also initiated a $41.9 million position during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, Robert Bishop’s Impala Asset Management, and Frank Brosens’s Taconic Capital.
Insider trading activity in Con-way Inc (NYSE:CNW)
Insider buying made by high-level executives is most useful when the company in question has seen transactions within the past half-year. Over the latest 180-day time frame, Con-way Inc (NYSE:CNW) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Con-way Inc (NYSE:CNW). These stocks are Old Dominion Freight Line (NASDAQ:ODFL), Knight Transportation (NYSE:KNX), Landstar System, Inc. (NASDAQ:LSTR), Werner Enterprises, Inc. (NASDAQ:WERN), and Swift Transportation Co (NYSE:SWFT). This group of stocks belong to the trucking industry and their market caps resemble CNW’s market cap.
