Bearish Hedge Funds Right About Helen of Troy Limited (HELE) As It Reports Earnings Miss

What does the smart money think about Helen of Troy Limited (NASDAQ:HELE)?

According to Insider Monkey’s database, Cliff Asness‘ AQR Capital Management holds the largest position in Helen of Troy Limited (NASDAQ:HELE), with 77,107 shares worth close to $6.3 million at the end of first trimester. Following Cliff Asness is Whitebox Advisors, managed by Andy Redleaf, with around 30,000 shares valued at $2.4 million. Remaining hedgies that are bullish contain Peter Keane’s Keane Capital Management, Joel Greenblatt’s Gotham Asset Management, and Ken Griffin’s Citadel Investment Group.

Seeing as Helen of Troy Limited (NASDAQ:HELE) has faced bearish sentiment from the aggregate hedge fund industry, it’s safe to say that there were a few hedge fund managers who sold off their entire stake in the company during the first quarter. The largest discarded position was sold by Roger Ibbotson‘s Zebra Capital Management, which sold around 38,000 shares of the company in the first quarter. Israel Englander‘s fund, Millennium Management, also sold around 31,000 shares in the first three months of the year.

Even bullish analyst calls have Helen of Troy already trading close to its price target. Given the missed earnings and very bearish sentiment among the best money managers in the world on top of that, we do not recommend buying this stock.

Disclosure: None