Hedge Funds Are Dumping Vantiv Inc (VNTV)

Seeing as Vantiv Inc (NYSE:VNTV) has faced declining sentiment from the smart money, it’s easy to see that there exists a select few funds who were dropping their positions entirely in the third quarter. At the top of the heap, Clint Carlson’s Carlson Capital cut the largest investment of all the hedgies tracked by Insider Monkey, comprising an estimated $19.4 million in stock. Matthew Tewksbury’s fund, Stevens Capital Management, also cut its stock, about $5 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 4 funds in the third quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Vantiv Inc (NYSE:VNTV) but similarly valued. We will take a look at Computer Sciences Corporation (NYSE:CSC), Icahn Enterprises LP (NASDAQ:IEP), Credicorp Ltd. (USA) (NYSE:BAP), and Wyndham Worldwide Corporation (NYSE:WYN). This group of stocks’ market values are similar to VNTV’s market value.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $2.65 billion. That figure was just $474 million in VNTV’s case. Computer Sciences Corporation (NYSE:CSC) is the most popular stock in this table. On the other hand Icahn Enterprises LP (NASDAQ:IEP) is the least popular one with only 6 bullish hedge fund positions. Vantiv Inc (NYSE:VNTV) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CSC might be a better candidate to consider a long position.