GasLog Ltd (GLOG): Are Hedge Funds Right About This Stock?

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Due to the fact that GasLog Ltd (NYSE:GLOG) has encountered bearish sentiment from the entirety of the hedge funds we track, we can see that there were a few funds that elected to cut their full holdings heading into Q4. Intriguingly, Ken Griffin’s Citadel Investment Group got rid of the biggest stake of all the hedgies monitored by Insider Monkey, worth an estimated $0.6 million in call options, and Paul Tudor Jones’s Tudor Investment Corp was right behind this move, as the fund dumped about $0.2 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as GasLog Ltd (NYSE:GLOG) but similarly valued. We will take a look at Atkore International Group Inc(NYSE:ATKR), Agree Realty Corporation (NYSE:ADC), Gibraltar Industries Inc (NASDAQ:ROCK), and The Buckle, Inc. (NYSE:BKE). This group of stocks’ market caps resemble GLOG’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ATKR 10 99817 -2
ADC 13 39453 3
ROCK 23 144533 2
BKE 15 114776 3

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $100 million. That figure was $42 million in GLOG’s case. Gibraltar Industries Inc (NASDAQ:ROCK) is the most popular stock in this table. On the other hand Atkore International Group Inc(NYSE:ATKR) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks GasLog Ltd (NYSE:GLOG) is even less popular than ATKR. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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Disclosure: None




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