Hedge Funds Remain Cautious of Jones Lang LaSalle Inc (JLL)

Since Jones Lang LaSalle Inc (NYSE:JLL) has experienced bearish sentiment from hedge fund managers, we can see that there were a few fund managers that decided to sell off their positions entirely in the third quarter. Intriguingly, George Hall’s Clinton Group dropped the biggest investment of all the hedgies followed by Insider Monkey, comprising close to $10.9 million in stock, and Ken Griffin’s Citadel Investment Group was right behind this move, as the fund dropped about $2.8 million worth of shares. These bearish behaviors are interesting, as total hedge fund interest fell by 3 funds in the third quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Jones Lang LaSalle Inc (NYSE:JLL) but similarly valued. We will take a look at Graco Inc. (NYSE:GGG), AMC Networks Inc (NASDAQ:AMCX), Booz Allen Hamilton Holding Corporation (NYSE:BAH), and Communications Sales & Leasing Inc (NASDAQ:CSAL). This group of stocks’ market caps are similar to JLL’s market cap.

As you can see these stocks had an average of 21.75 hedge funds with bullish positions and the average amount invested in these stocks was $316 million. That figure was $799 million in JLL’s case. AMC Networks Inc (NASDAQ:AMCX) is the most popular stock in this table. On the other hand Graco Inc. (NYSE:GGG) is the least popular one with only 12 bullish hedge fund positions. Jones Lang LaSalle Inc (NYSE:JLL) 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 AMCX might be a better candidate to consider a long position in.

Disclosure: None