Do Hedge Funds Love Grupo Aeroportuario del Sureste (ADR) (ASR)?

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Consequently, some big names have jumped into Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR) headfirst. Citadel Investment Group, led by Ken Griffin, assembled the biggest position in Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR). Citadel Investment Group had $0.4 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $0.3 million investment in the stock during the quarter. The only other fund with a new position in the stock is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s now review hedge fund activity in other stocks similar to Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR). We will take a look at Guidewire Software Inc (NYSE:GWRE), Ubiquiti Networks Inc (NASDAQ:UBNT), DCT Industrial Trust Inc. (NYSE:DCT), and IPG Photonics Corporation (NASDAQ:IPGP). This group of stocks’ market caps are similar to ASR’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GWRE 22 118946 5
UBNT 15 272438 1
DCT 9 113662 -3
IPGP 16 143200 -4

As you can see these stocks had an average of 15.5 hedge funds with bullish positions and the average amount invested in these stocks was $162 million. That figure was $38 million in ASR’s case. Guidewire Software Inc (NYSE:GWRE) is the most popular stock in this table. On the other hand DCT Industrial Trust Inc. (NYSE:DCT) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR) is even less popular than DCT. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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Disclosure: None




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