Hedge Funds Are Crazy About Match Group Inc (MTCH)

Now, some big names have been driving this bullishness. Lodge Hill Capital assembled the most outsized position in Match Group Inc(NASDAQ:MTCH) which had $9.8 million invested in the company at the end of the quarter. Columbus Circle Investors also initiated a $9.8 million position during the quarter. The other funds with brand new MTCH positions are Will Cook’s Sunriver Management, Robert Pohly’s Samlyn Capital, and Frank Slattery’s Symmetry Peak Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Match Group Inc(NASDAQ:MTCH) but similarly valued. These stocks are Cullen/Frost Bankers, Inc. (NYSE:CFR), Orbital ATK Inc (NYSE:OA), Graphic Packaging Holding Company (NYSE:GPK), and Cinemark Holdings, Inc. (NYSE:CNK). This group of stocks’ market valuations are closest to MTCH’s market valuation.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $448 million. That figure was $90 million in MTCH’s case. Orbital ATK Inc (NYSE:OA) is the most popular stock in this table. On the other hand Cullen/Frost Bankers, Inc. (NYSE:CFR) is the least popular one with only 13 bullish hedge fund positions. Match Group Inc(NASDAQ:MTCH) 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 OA might be a better candidate to consider taking a long position in.

Disclosure: None