Hedge Funds Are Selling JA Solar Holdings Co., Ltd. (ADR) (JASO)

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Because JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has sustained falling interest from hedge fund managers, logic holds that there was a specific group of hedge funds that decided to sell off their positions entirely heading into Q4. Interestingly, Jonathan Barrett and Paul Segal’s Luminus Management cashed in the largest position of the 700 funds watched by Insider Monkey, worth close to $3 million in stock, and Ken Griffin’s Citadel Investment Group was right behind this move, as the fund dumped about $0.2 million worth of shares.

Let’s now review hedge fund activity in other stocks similar to JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO). These stocks are LSB Industries, Inc. (NYSE:LXU), Star Bulk Carriers Corp. (NASDAQ:SBLK), Tabula Rasa HealthCare Inc (NASDAQ:TRHC), and Hill International Inc (NYSE:HIL). This group of stocks’ market caps are similar to JASO’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LXU 8 31284 -1
SBLK 6 163101 -1
TRHC 6 13360 6
HIL 8 29666 -1

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $59 million. That figure was $5 million in JASO’s case. LSB Industries, Inc. (NYSE:LXU) is the most popular stock in this table. On the other hand Star Bulk Carriers Corp. (NASDAQ:SBLK) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is even less popular than SBLK. 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




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