Do Hedge Funds Love Vectrus Inc (VEC)?

Judging by the fact that Vectrus Inc (NYSE:VEC) has encountered declining sentiment from hedge fund managers, logic holds that there was a specific group of money managers that decided to sell off their full holdings last quarter. Interestingly, Dmitry Balyasny’s Balyasny Asset Management dropped the biggest stake of the “upper crust” of funds studied by Insider Monkey, worth an estimated $0.4 million in stock, and Israel Englander’s Millennium Management was right behind this move, as the fund cut about $0.4 million worth of shares.

Let’s also examine hedge fund activity in other stocks similar to Vectrus Inc (NYSE:VEC). These stocks are Sientra Inc (NASDAQ:SIEN), RealNetworks Inc (NASDAQ:RNWK), Orrstown Financial Services (NASDAQ:ORRF), and Garrison Capital Inc (NASDAQ:GARS). This group of stocks’ market caps match VEC’s market cap.

As you can see these stocks had an average of 5.25 hedge funds with bullish positions and the average amount invested in these stocks was $27 million. That figure was $7 million in VEC’s case. Sientra Inc (NASDAQ:SIEN) is the most popular stock in this table. On the other hand Orrstown Financial Services (NASDAQ:ORRF) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Vectrus Inc (NYSE:VEC) 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.

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Disclosure: None