4 Wireless Communications Stocks Being Bought Up By Hedge Funds

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 |  Includes: CEL, S, TSU, VOD
by: Kapitall

If you like to follow the buying trends of institutional investors such as hedge fund managers, you may be interested in this list.

Looking at the wireless communications industry, we ran a screen on stocks seeing significant net institutional purchases over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

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.

Hedge funds think there’s more upside potential to these names – do you agree? Use this list as a starting-off point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. Vodafone Group plc (NASDAQ:VOD): Provides mobile communications in Europe, Africa, the Asia Pacific, the Middle East, and the United States. Market cap of $146.32B. Net institutional shares purchased over the current quarter at 471.5M, which is 9.14% of the company's 5.16B share float. The stock has gained 4.24% over the last year.

2. TIM Participacoes S.A. (NYSE:TSU): Provides mobile telecommunications services through global system mobile (GSM) technology to business and individual customers in Brazil. Market cap of $6.43B. Net institutional shares purchased over the current quarter at 15.3M, which is 13.63% of the company's 112.22M share float. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 4.83%, current ratio at 1.38, and quick ratio at 1.3. The stock has lost 21.67% over the last year.

3. Cellcom Israel Ltd. (NYSE:CEL): Provides cellular communications services in Israel. Market cap of $2.15B. Net institutional shares purchased over the current quarter at 3.4M, which is 7.09% of the company's 47.97M share float. The stock has had a good month, gaining 10.89%.

4. Sprint Nextel Corp. (NYSE:S): Offers wireless and wireline communications products. Market cap of $8.14B. Net institutional shares purchased over the current quarter at 177.1M, which is 5.92% of the company's 2.99B share float. The stock has had a couple of great days, gaining 8.37% over the last week.

*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.