Ball Corporation (BLL): Are Hedge Funds Right About This Stock?

Judging by the fact that Ball Corporation (NYSE:BLL) has gone through declining sentiment from the aggregate hedge fund industry, it’s easy to see that there is a sect of hedgies that elected to cut their positions entirely by the end of the third quarter. It’s worth mentioning that Richard Perry’s Perry Capital cut the biggest stake of all the investors followed by Insider Monkey, worth close to $194.5 million in stock, and Richard Barrera’s Roystone Capital Partners was right behind this move, as the fund said goodbye to about $110 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Ball Corporation (NYSE:BLL). We will take a look at Skyworks Solutions Inc (NASDAQ:SWKS), Digital Realty Trust, Inc. (NYSE:DLR), Linear Technology Corporation (NASDAQ:LLTC), and Goldcorp Inc. (USA) (NYSE:GG). All of these stocks’ market caps match BLL’s market cap.

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $643 million. That figure was $1.62 billion in BLL’s case. Skyworks Solutions Inc (NASDAQ:SWKS) is the most popular stock in this table. On the other hand Digital Realty Trust, Inc. (NYSE:DLR) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Ball Corporation (NYSE:BLL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None