Hedge Funds Are Crazy About ORIX Corporation (ADR) (IX)

As aggregate interest increased, specific money managers were leading the bulls’ herd. Sensato Capital Management also initiated a $0.4 million position during the quarter.

Let’s go over hedge fund activity in other stocks similar to ORIX Corporation (ADR) (NYSE:IX). These stocks are American Airlines Group Inc (NASDAQ:AAL), Energy Transfer Partners LP (NYSE:ETP), Coca-Cola Enterprises Inc (NYSE:CCE), and Nielsen Hldg NV (NYSE:NLSN). This group of stocks’ market caps resemble IX’s market cap.

As you can see these stocks had an average of 33 hedge funds with bullish positions and the average amount invested in these stocks was $1100 million. That figure was $6 million in IX’s case. American Airlines Group Inc (NASDAQ:AAL) is the most popular stock in this table. On the other hand Energy Transfer Partners LP (NYSE:ETP) is the least popular one with only 22 bullish hedge fund positions. Compared to these stocks ORIX Corporation (ADR) (NYSE:IX) is even less popular than ETP. 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