Do Hedge Funds Love Oshkosh Corporation (OSK)?

Now, some big names have jumped into Oshkosh Corporation (NYSE:OSK) headfirst. Atlantic Investment Management, managed by Alexander Roepers, established the most valuable position in Oshkosh Corporation (NYSE:OSK). Atlantic Investment Management had $12.1 million invested in the company at the end of the quarter. Steve Cohen’s Point72 Asset Management also made a $7.7 million investment in the stock during the quarter. The other funds with brand new OSK positions are Alexander Mitchell’s Scopus Asset Management, Michael Platt and William Reeves’s BlueCrest Capital Mgmt., and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s now take a look at hedge fund activity in other stocks similar to Oshkosh Corporation (NYSE:OSK). These stocks are UIL Holdings Corporation (NYSE:UIL), CAE, Inc. (USA) (NYSE:CAE), AU Optronics Corp. (ADR) (NYSE:AUO), and NorthStar Asset Management Group Inc (NYSE:NSAM). This group of stocks’ market caps match OSK’s market cap.

As you can see these stocks had an average of 19.5 hedge funds with bullish positions and the average amount invested in these stocks was $445 million. That figure was $173 million in OSK’s case. NorthStar Asset Management Group Inc (NYSE:NSAM) is the most popular stock in this table. On the other hand CAE, Inc. (USA) (NYSE:CAE) is the least popular one with only 6 bullish hedge fund positions. Oshkosh Corporation (NYSE:OSK) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NSAM might be a better candidate to consider a long position.