CIBER, Inc. (NYSE:CBR) was in 8 hedge funds’ portfolio at the end of December. CBR has seen an increase in activity from the world’s largest hedge funds in recent months. There were 6 hedge funds in our database with CBR positions at the end of the previous quarter.
In today’s marketplace, there are dozens of methods shareholders can use to track stocks. A couple of the most useful are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can outperform the S&P 500 by a very impressive amount (see just how much).
Just as integral, positive insider trading sentiment is a second way to break down the investments you’re interested in. Just as you’d expect, there are lots of stimuli for an insider to drop shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Several empirical studies have demonstrated the useful potential of this strategy if shareholders know where to look (learn more here).
Now, it’s important to take a look at the key action regarding CIBER, Inc. (NYSE:CBR).
How have hedgies been trading CIBER, Inc. (NYSE:CBR)?
In preparation for this year, a total of 8 of the hedge funds we track were long in this stock, a change of 33% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were upping their holdings meaningfully.
Of the funds we track, Royce & Associates, managed by Chuck Royce, holds the biggest position in CIBER, Inc. (NYSE:CBR). Royce & Associates has a $6.4 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Sitting at the No. 2 spot is D E Shaw, managed by D. E. Shaw, which held a $1.8 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions include Israel Englander’s Millennium Management, Joel Greenblatt’s Gotham Asset Management and Charles Davidson’s Wexford Capital.
Now, specific money managers have been driving this bullishness. Wexford Capital, managed by Charles Davidson, initiated the biggest position in CIBER, Inc. (NYSE:CBR). Wexford Capital had 0.2 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $0.2 million position during the quarter.
How are insiders trading CIBER, Inc. (NYSE:CBR)?
Insider purchases made by high-level executives is best served when the primary stock in question has experienced transactions within the past six months. Over the latest half-year time frame, CIBER, Inc. (NYSE:CBR) has seen 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to CIBER, Inc. (NYSE:CBR). These stocks are 21Vianet Group Inc (NASDAQ:VNET), EPIQ Systems, Inc. (NASDAQ:EPIQ), Greenway Medical Technologies, Inc. (NYSE:GWAY), iSoftStone Holdings Ltd (ADR) (NYSE:ISS), and Computer Task Group, Inc. (NASDAQ:CTGX). All of these stocks are in the information technology services industry and their market caps match CBR’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| 21Vianet Group Inc (NASDAQ:VNET) | 8 | 0 | 0 |
| EPIQ Systems, Inc. (NASDAQ:EPIQ) | 5 | 2 | 0 |
| Greenway Medical Technologies, Inc. (NYSE:GWAY) | 1 | 1 | 2 |
| iSoftStone Holdings Ltd (ADR) (NYSE:ISS) | 5 | 0 | 0 |
| Computer Task Group, Inc. (NASDAQ:CTGX) | 5 | 1 | 1 |
With the returns shown by our studies, retail investors should always keep an eye on hedge fund and insider trading activity, and CIBER, Inc. (NYSE:CBR) shareholders fit into this picture quite nicely.
