What’s a smart Hanger Inc (NYSE:HGR) investor to do?
To many of your fellow readers, hedge funds are perceived as useless, outdated financial tools of a period lost to current times. Although there are more than 8,000 hedge funds trading in present day, this site focuses on the top tier of this group, around 525 funds. It is widely held that this group has its hands on most of all hedge funds’ total capital, and by monitoring their highest performing equity investments, we’ve found a number of investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).
Equally as key, bullish insider trading sentiment is another way to analyze the marketplace. Just as you’d expect, there are a number of reasons for an insider to sell shares of his or her company, but just one, very simple reason why they would buy. Various empirical studies have demonstrated the impressive potential of this strategy if investors understand where to look (learn more here).
Thus, it’s important to discuss the latest info about Hanger Inc (NYSE:HGR).
How have hedgies been trading Hanger Inc (NYSE:HGR)?
At the end of the second quarter, a total of 11 of the hedge funds we track were long in this stock, a change of 10% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings meaningfully.
Consequently, particular hedge funds were breaking ground themselves. Citadel Investment Group, managed by Ken Griffin, established the most outsized position in Hanger Inc (NYSE:HGR). Citadel Investment Group had 2.9 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also made a $2.2 million investment in the stock during the quarter. The other funds with brand new HGR positions are Jim Simons’s Renaissance Technologies, Israel Englander’s Millennium Management, and Cliff Asness’s AQR Capital Management.
What do corporate executives and insiders think about Hanger Inc (NYSE:HGR)?
Insider buying made by high-level executives is at its handiest when the company in question has experienced transactions within the past six months. Over the last six-month time period, Hanger Inc (NYSE:HGR) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Hanger Inc (NYSE:HGR). These stocks are U.S. Physical Therapy, Inc. (NYSE:USPH), Healthways, Inc. (NASDAQ:HWAY), HEALTHSOUTH Corp. (NYSE:HLS), IPC The Hospitalist Company Inc (NASDAQ:IPCM), and Acadia Healthcare Company Inc (NASDAQ:ACHC). This group of stocks are in the specialized health services industry and their market caps are closest to HGR’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| U.S. Physical Therapy, Inc. (NYSE:USPH) | 4 | 0 | 0 |
| Healthways, Inc. (NASDAQ:HWAY) | 11 | 0 | 0 |
| HEALTHSOUTH Corp. (NYSE:HLS) | 25 | 0 | 0 |
| IPC The Hospitalist Company Inc (NASDAQ:IPCM) | 7 | 0 | 0 |
| Acadia Healthcare Company Inc (NASDAQ:ACHC) | 18 | 0 | 0 |
Using the results demonstrated by Insider Monkey’s strategies, regular investors should always keep one eye on hedge fund and insider trading sentiment, and Hanger Inc (NYSE:HGR) is an important part of this process.
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