Aviat Networks Inc (NASDAQ:AVNW) has experienced an increase in activity from the world’s largest hedge funds recently.
To the average investor, there are tons of methods market participants can use to watch publicly traded companies. A pair of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best hedge fund managers can outpace the market by a very impressive amount (see just how much).
Equally as integral, positive insider trading sentiment is a second way to break down the stock market universe. Obviously, there are a number of incentives for an upper level exec to sell shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Various academic studies have demonstrated the useful potential of this strategy if you know where to look (learn more here).
Now, we’re going to take a glance at the key action surrounding Aviat Networks Inc (NASDAQ:AVNW).
How have hedgies been trading Aviat Networks Inc (NASDAQ:AVNW)?
In preparation for this year, a total of 18 of the hedge funds we track held long positions in this stock, a change of 29% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes considerably.
When looking at the hedgies we track, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital had the most valuable position in Aviat Networks Inc (NASDAQ:AVNW), worth close to $12 million, accounting for 0.8% of its total 13F portfolio. The second largest stake is held by Royce & Associates, managed by Chuck Royce, which held a $8 million position; the fund has 0% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Peter A. Wright’s P.A.W. CAPITAL PARTNERS, Ken Gray and Steve Walsh’s Bryn Mawr Capital and Clint Carlson’s Carlson Capital.
With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Algert Coldiron Investors, managed by Peter Algert and Kevin Coldiron, initiated the biggest position in Aviat Networks Inc (NASDAQ:AVNW). Algert Coldiron Investors had 0 million invested in the company at the end of the quarter. Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners also made a $0 million investment in the stock during the quarter. The other funds with brand new AVNW positions are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Steven Cohen’s SAC Capital Advisors.
How have insiders been trading Aviat Networks Inc (NASDAQ:AVNW)?
Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past 180 days. Over the latest half-year time period, Aviat Networks Inc (NASDAQ:AVNW) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
With the results shown by the aforementioned strategies, retail investors should always pay attention to hedge fund and insider trading sentiment, and Aviat Networks Inc (NASDAQ:AVNW) applies perfectly to this mantra.
Click here to learn more about Insider Monkey’s Hedge Fund Newsletter
Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.
