Do Hedge Funds Love Enel Americas SA (ADR) (ENIA)?

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 David Costen Haley’s HBK Investments got rid of the biggest stake of all the hedgies watched by Insider Monkey, totaling an estimated $1 million in stock, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital was right behind this move, as the fund dumped 3,000 shares.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Enel Americas SA (ADR) (NYSE:ENIA) but similarly valued. We will take a look at Broadridge Financial Solutions, Inc. (NYSE:BR), Crown Holdings, Inc. (NYSE:CCK), Pearson PLC (ADR) (NYSE:PSO), and E TRADE Financial Corporation (NASDAQ:ETFC). This group of stocks’ market values are similar to ENIA’s market value.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $507 million. That figure was $75 million in ENIA’s case. Crown Holdings, Inc. (NYSE:CCK) is the most popular stock in this table. On the other hand Pearson PLC (ADR) (NYSE:PSO) is the least popular one with only 6 bullish hedge fund positions. Enel Americas SA (ADR) (NYSE:ENIA) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CCK might be a better candidate to consider taking a long position in.

Disclosure: none.