Cheniere Energy, Inc. (LNG) Up As Citigroup Analysts Offer Bullish Thesis

Since Cheniere Energy, Inc. (NYSEMKT:LNG) has experienced a declination in interest from the smart money, it’s easy to see that there exists a select few hedgies that elected to cut their full holdings in the first quarter. It’s worth mentioning that Jason Karp’s Tourbillon Capital Partners sold off the biggest stake of all the hedgies tracked by Insider Monkey, valued at about $77 million in call options. Jeffrey Bersh and Michael Wartell’s fund, Venor Capital Management, also dropped its call options, about $67.6 million worth. These moves are important to note, as total hedge fund interest was cut by 5 funds in the fourth quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Cheniere Energy, Inc. (NYSEMKT:LNG) but similarly valued. These stocks are Sabre Corp (NASDAQ:SABR), Waste Connections, Inc. (NYSE:WCN), ANSYS, Inc. (NASDAQ:ANSS), and NetApp Inc. (NASDAQ:NTAP). This group of stocks’ market caps are similar to LNG’s market cap.

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $828 million. That figure was $4.48 billion in LNG’s case. Sabre Corp (NASDAQ:SABR) is the most popular stock in this table. On the other hand ANSYS, Inc. (NASDAQ:ANSS) is the least popular one with only 22 bullish hedge fund positions. Compared to these stocks Cheniere Energy, Inc. (NYSEMKT:LNG) 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