Hedge Funds Are Betting On Matador Resources Co (MTDR)

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Now, key money managers were breaking ground themselves. Clough Capital Partners initiated the most outsized position in Matador Resources Co (NYSE:MTDR). Michael Platt and William Reeves’s BlueCrest Capital Mgmt. also made a $10.7 million investment in the stock during the quarter. The other funds with brand new MTDR positions are Kenneth Tropin’s Graham Capital Management, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, and Ken Griffin’s Citadel Investment Group.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Matador Resources Co (NYSE:MTDR) but similarly valued. These stocks are ACI Worldwide Inc (NASDAQ:ACIW), Nord Anglia Education Inc (NYSE:NORD), Tenet Healthcare Corp (NYSE:THC), and Pegasystems Inc. (NASDAQ:PEGA). This group of stocks’ market valuations are similar to MTDR’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ACIW 11 158644 -2
NORD 7 147106 1
THC 39 759241 0
PEGA 16 223417 -4

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $322 million. That figure was $65 million in MTDR’s case. Tenet Healthcare Corp (NYSE:THC) is the most popular stock in this table. On the other hand Nord Anglia Education Inc (NYSE:NORD) is the least popular one with only 7 bullish hedge fund positions. Matador Resources Co (NYSE:MTDR) 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 THC might be a better candidate to consider taking a long position in.

Disclosure: None

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