Do Hedge Funds Love Oxford Industries, Inc. (OXM)?

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With a general bullishness amongst the heavyweights, key hedge funds have been driving this bullishness. Cardinal Capital, led by Amy Minella, assembled the most valuable position in Oxford Industries, Inc. (NYSE:OXM). Cardinal Capital had $16.4 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $15.3 million investment in the stock during the quarter. The other funds with brand new OXM positions are David David Keidan’s Buckingham Capital Management, Matthew Hulsizer’s PEAK6 Capital Management, and D. E. Shaw’s D E Shaw.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Oxford Industries, Inc. (NYSE:OXM) but similarly valued. We will take a look at Glaukos Corp (NYSE:GKOS), Orion Engineered Carbons SA (NYSE:OEC), Employers Holdings, Inc. (NYSE:EIG), and BancFirst Corporation (NASDAQ:BANF). This group of stocks’ market valuations match OXM’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GKOS 19 175123 3
OEC 12 121102 -1
EIG 10 39100 -2
BANF 8 14036 2

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $87 million. That figure was $124 million in OXM’s case. Glaukos Corp (NYSE:GKOS) is the most popular stock in this table. On the other hand BancFirst Corporation (NASDAQ:BANF) is the least popular one with only 8 bullish hedge fund positions. Oxford Industries, Inc. (NYSE:OXM) 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 GKOS might be a better candidate to consider taking a long position in.

Disclosure: None


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