Finance

Are Ensco plc (ESV)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Ensco plc (NYSE:ESV) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. ESV’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 113.46% of Ensco plc (ESV)’s shares. The total value of these holdings, in millions, is $2,894. Among active positions in the latest quarter, 188 holders increased their positions by a total of 111.89 million shares, 194 holders decreased the positions by a total of 81.15 million shares, and 63 holders held their positions. This works out to a net increase in ownership of 30.74 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 53 holders initiated new positions by a total of 37.46 million shares and 75 holders exited their positions by a total of 28.56 million shares. This nets out to an increase of 8.9 million shares and is a bullish sign for ESV.

In the last three months, insiders executed a total of 8 trades. 2 of these were buys and 6 were sells. Insider ownership increased by a total of 140525 shares, which suggests that ESV’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 7 buys and 45 sells, and ownership increased by a net of 516898 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Ensco plc (NYSE:ESV)’s short interest is 66.32 million shares, or % of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for ESV. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ESV is a buy, which implies that ESV is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Ensco plc (NYSE:ESV) is undervalued.

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