Equity One, Inc. (EQY) Experiences A Jump In Smart Money Investment

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As aggregate interest increased, some big names have been driving this bullishness. Waterfront Capital Partners assembled the most valuable position in Equity One, Inc. (NYSE:EQY). Greg Poole’s Echo Street Capital Management also made a $5.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Jacob Gottlieb’s Visium Asset Management, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Let’s now review hedge fund activity in other stocks similar to Equity One, Inc. (NYSE:EQY). These stocks are Western Alliance Bancorporation (NYSE:WAL), Silgan Holdings Inc. (NASDAQ:SLGN), Popular Inc (NASDAQ:BPOP), and Microsemi Corporation (NASDAQ:MSCC). This group of stocks’ market valuations resemble Equity One, Inc.’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
WAL 28 321611 2
SLGN 9 66198 -3
BPOP 30 708510 -2
MSCC 12 82075 -9

As you can see these stocks had an average of 19.75 hedge funds with bullish positions and the average amount invested in these stocks was $295 million. That figure was $115 million in Equity One, Inc.’s case. Popular Inc (NASDAQ:BPOP) is the most popular stock in this table. On the other hand Silgan Holdings Inc. (NASDAQ:SLGN) is the least popular one with only 9 bullish hedge fund positions. Equity One, Inc. (NYSE:EQY) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Popular Inc might be a better candidate to consider for a long position.

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