The 'Hateful' Eight: 8 Stocks Institutional Investors Dumped Last Quarter
Institutional investors make millions -- if not billions -- of transactions each quarter. Some are bullish, others are bearish.
Let's take a look at the latter, with data via Whale Wisdom.
The 'Hateful' Eight
The least popular stock in the fourth quarter was Halliburton Company (NYSE: HAL), which saw 197 institutions sell their stakes. The biggest bears were David Tepper’s Appaloosa Management and Donald Chiboucis’ Columbus Circle Investors; both got rid of more than 3.9 million shares each.
Another very unpopular stock was an over-the-counter penny stock: GT Advanced Technologies Inc (OTCMKTS: GTATQ), which saw 171 institutions close out their bets.
Third in line was Apache Corporation (NYSE: APA), which witnessed the departure of 157 institutions including Lazard Asset Management, who sold almost 3.5 million shares. Barry Rosenstein’s Jana Partners disposed of approximately 3.35 million shares.
Other stocks that saw at least 130 institutions leave (each) were:
- Freeport-McMoran Copper & Gold, Inc. (NYSE: FCX)
- Medtronic, Inc. (NYSE: MDT)
- Occidental Petroleum Corporation (NYSE: OXY)
- Trinity Industries, Inc. (NYSE: TRN)
- Transocean Inc. (NYSE: RIG)
Image credit: Mai Le, Flickr
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