Do Hedge Funds Love Aegean Marine Petroleum Network Inc. (ANW)?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. It’s worth mentioning that Matthew Taylor and Ty Popplewell’s Kortright Capital Partners got rid of the biggest position of the “upper crust” of funds watched by Insider Monkey, comprising an estimated $1.7 million in stock, and William Charters and Mario Marcon’s Sabal Capital Management was right behind this move, as the fund cut about $1.2 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Aegean Marine Petroleum Network Inc. (NYSE:ANW). These stocks are City Office REIT Inc (NYSE:CIO), PennyMac Financial Services Inc (NYSE:PFSI), Heritage-Crystal Clean, Inc. (NASDAQ:HCCI), and Community Healthcare Trust Inc (NYSE:CHCT). All of these stocks’ market caps resemble ANW’s market cap.

As you can see these stocks had an average of nine funds with bullish positions and the average amount invested in these stocks was $52 million. That figure was $106 million in ANW’s case. PennyMac Financial Services Inc (NYSE:PFSI) is the most popular stock in this table, while City Office REIT Inc (NYSE:CIO) is the least popular one with only six investors holding shares. Compared to these stocks Aegean Marine Petroleum Network Inc. (NYSE:ANW) 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