Do Hedge Funds Love Rocket Fuel Inc (FUEL)?

Since Rocket Fuel Inc (NASDAQ:FUEL) has faced bearish sentiment from the aggregate hedge fund industry, logic holds that there was a specific group of fund managers that decided to sell off their full holdings last quarter. Intriguingly, Ken Griffin’s Citadel Investment Group sold off the biggest stake of all the hedgies watched by Insider Monkey, comprising an estimated $0.1 million in call options, and Cliff Asness’ AQR Capital Management was right behind this move, as the fund dropped about $0.1 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Rocket Fuel Inc (NASDAQ:FUEL). We will take a look at Willbros Group Inc (NYSE:WG), Stonegate Mortageg Corp (NYSE:SGM), Safe Bulkers, Inc. (NYSE:SB), and Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). All of these stocks’ market caps are closest to FUEL’s market cap.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $16 million. That figure was $10 million in FUEL’s case. Willbros Group Inc (NYSE:WG) is the most popular stock in this table. On the other hand Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Rocket Fuel Inc (NASDAQ:FUEL) 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