Hedge Funds Are Betting On The RMR Group Inc (RMR)

As aggregate interest increased, key hedge funds were breaking ground themselves. HighVista Strategies, led by Andre F. Perold, created the most valuable position in The RMR Group Inc (NASDAQ:RMR) . HighVista Strategies had $1.3 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also initiated a $0.2 million position during the quarter. The only other fund with a new position in the stock is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s check out hedge fund activity in other stocks similar to The RMR Group Inc (NASDAQ:RMR) . These stocks are GasLog Ltd (NYSE:GLOG), Atkore International Group Inc (NYSE:ATKR), Agree Realty Corporation (NYSE:ADC), and Gibraltar Industries Inc (NASDAQ:ROCK). This group of stocks’ market valuations are closest to RMR’s market valuation.

As you can see these stocks had an average of 13.75 hedge funds with bullish positions and the average amount invested in these stocks was $81 million. That figure was $27 million in RMR’s case. Gibraltar Industries Inc (NASDAQ:ROCK) is the most popular stock in this table. On the other hand GasLog Ltd (NYSE:GLOG) is the least popular one with only 9 bullish hedge fund positions. The RMR Group Inc (NASDAQ:RMR) 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 ROCK might be a better candidate to consider taking a long position in.

Disclosure: None