Institutional investors like hedge fund managers and mutual fund managers report the companies they buy and sell on a regular basis, and analysts pay close attention because institutions not only have access to sophisticated research, they also have a lot of investment experience. If a stock sees increased buying from these "smart money" investors, it's a signal to take a second look.
We ran a screen on US-traded companies based in China for those seeing the most buying interest from institutional investors over the current quarter.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
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We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.
Do you think hedge funds are calling it right on these names? Use this list as a starting point for your own analysis.
List sorted by net institutional purchases as a percent of share float.
1. Isoftstone Holdings Limited (ISS): Provides various information technology (IT) services and solutions in the Greater China and internationally. Market cap of $579.73M. Net institutional shares purchased over the current quarter at 8.0M, which is 28.65% of the company's 27.92M share float. The stock is a short squeeze candidate, with a short float at 10.14% (equivalent to 14.7 days of average volume). The stock has had a couple of great days, gaining 5.78% over the last week.
2. Renren Inc. (RENN): Operates a social networking Internet platform in China. Market cap of $600.94M. Net institutional shares purchased over the current quarter at 29.6M, which is 16.94% of the company's 174.71M share float. The stock is currently stuck in a downtrend, trading 19.87% below its SMA20, 21.15% below its SMA50, and 43.96% below its SMA200. It's been a rough couple of days for the stock, losing 13.21% over the last week.
3. China New Borun Corporation (BORN): Produces and distributes corn-based edible alcohol in the People's Republic of China. Market cap of $94.17M. Net institutional shares purchased over the current quarter at 960.2K, which is 16.76% of the company's 5.73M share float. It's been a rough couple of days for the stock, losing 5.67% over the last week.
4. 51job Inc. (JOBS): Provides integrated human resource services primarily in the People's Republic of China. Market cap of $1.21B. Net institutional shares purchased over the current quarter at 712.5K, which is 7.94% of the company's 8.97M share float. The stock is currently stuck in a downtrend, trading 5.75% below its SMA20, 8.65% below its SMA50, and 22.86% below its SMA200. It's been a rough couple of days for the stock, losing 7.31% over the last week.
5. Camelot Information Systems Inc. (CIS): Provides enterprise application services and financial industry information technology (IT) services in the People's Republic of China. Market cap of $113.15M. Net institutional shares purchased over the current quarter at 2.0M, which is 7.29% of the company's 27.43M share float. The stock is currently stuck in a downtrend, trading 17.06% below its SMA20, 28.62% below its SMA50, and 80% below its SMA200. It's been a rough couple of days for the stock, losing 7.69% over the last week.
6. Qihoo 360 Technology Co. Ltd (QIHU): Provides Internet and mobile security products in the People's Republic of China. Market cap of $2.37B. Net institutional shares purchased over the current quarter at 4.0M, which is 5.47% of the company's 73.18M share float. The stock is a short squeeze candidate, with a short float at 6.74% (equivalent to 5.25 days of average volume). The stock has recently rebounded, and is currently trading 9.27% above its SMA20 and 9.2% above its SMA50. However, the stock still trades 10.12% below its SMA200. The stock has had a couple of great days, gaining 13.31% over the last week.
7. Mindray Medical International Limited (MR): Develops, manufactures, and markets medical devices worldwide. Market cap of $3.15B. Net institutional shares purchased over the current quarter at 4.4M, which is 5.40% of the company's 81.46M share float. The stock is a short squeeze candidate, with a short float at 18.66% (equivalent to 31.28 days of average volume). The stock has gained 3.14% over the last year.
8. BCD Semiconductor Manufacturing Limited (BCDS): Engages in the design, manufacture, and sale of power management analog integrated circuits (ICs) and other semiconductor devices in the People's Republic of China. Market cap of $79.48M. Net institutional shares purchased over the current quarter at 599.1K, which is 4.43% of the company's 13.51M share float.
9. China Lodging Group, Limited (HTHT): Develops, operates, and manages a chain of hotels in the People's Republic of China. Market cap of $883.25M. Net institutional shares purchased over the current quarter at 907.7K, which is 3.97% of the company's 22.86M share float. The stock is a short squeeze candidate, with a short float at 9.57% (equivalent to 9.9 days of average volume). It's been a rough couple of days for the stock, losing 7.86% over the last week. The stock has had a good month, gaining 12.78%.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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