Published on 10 Nov 2021 on Insider Monkey via Yahoo Finance
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an individual investor’s stock selection process, as it may offer great insights of how the brightest minds of the finance industry feel about specific stocks. After all, these people have access to smartest analysts and expensive data/information sources that individual investors can't match. So should one consider investing in Altice USA, Inc. (NYSE:ATUS)? The smart money sentiment can provide an answer to this question.
Is Altice USA, Inc. (NYSE:ATUS) the right pick for your portfolio? Hedge funds were cutting their exposure. The number of bullish hedge fund bets retreated by 4 lately. Altice USA, Inc. (NYSE:ATUS) was in 44 hedge funds' portfolios at the end of June. The all time high for this statistic is 62. Our calculations also showed that ATUS isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).
In today’s marketplace there are dozens of indicators investors put to use to grade stocks. Two of the less utilized indicators are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best investment managers can outpace their index-focused peers by a healthy margin (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.