Molycorp Inc (NYSE:MCP) was in 14 hedge funds’ portfolio at the end of December. MCP investors should pay attention to a decrease in activity from the world’s largest hedge funds lately. There were 23 hedge funds in our database with MCP positions at the end of the previous quarter.
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Keeping this in mind, let’s take a peek at the key action encompassing Molycorp Inc (NYSE:MCP).
What have hedge funds been doing with Molycorp Inc (NYSE:MCP)?
At year’s end, a total of 14 of the hedge funds we track held long positions in this stock, a change of -39% from the third quarter. With hedgies’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes substantially.
According to our comprehensive database, John Griffin’s Blue Ridge Capital had the most valuable position in Molycorp Inc (NYSE:MCP), worth close to $27 million, accounting for 0.4% of its total 13F portfolio. Sitting at the No. 2 spot is Citadel Investment Group, managed by Ken Griffin, which held a $3 million call position; the fund has 0% of its 13F portfolio invested in the stock. Other hedge funds with similar optimism include Himanshu H. Shah’s Shah Capital Management, Phil Frohlich’s Prescott Group Capital Management and Ken Griffin’s Citadel Investment Group.
Seeing as Molycorp Inc (NYSE:MCP) has witnessed declining sentiment from hedge fund managers, we can see that there is a sect of hedgies who sold off their entire stakes at the end of the year. Intriguingly, Peter J. Eichler Jr.’s Aletheia Research and Management sold off the biggest investment of all the hedgies we watch, comprising an estimated $30 million in stock., and Philippe Laffont of Coatue Management was right behind this move, as the fund sold off about $23 million worth. These transactions are interesting, as total hedge fund interest was cut by 9 funds at the end of the year.
What have insiders been doing with Molycorp Inc (NYSE:MCP)?
Insider purchases made by high-level executives is best served when the company in focus has seen transactions within the past six months. Over the latest six-month time period, Molycorp Inc (NYSE:MCP) has seen 6 unique insiders buying, and zero insider sales (see the details of insider trades here).
With the returns demonstrated by our studies, retail investors should always keep an eye on hedge fund and insider trading sentiment, and Molycorp Inc (NYSE:MCP) is no exception.
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