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.