Hedge Funds Were All Over Valvoline Inc (VVV)’s IPO

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Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Valvoline Inc (NYSE:VVV) but similarly valued. These stocks are Booz Allen Hamilton Holding Corporation (NYSE:BAH), Edgewell Personal Care Company (NYSE:EPC), Tegna Inc (NYSE:TGNA), and QEP Resources Inc (NYSE:QEP). This group of stocks’ market caps are similar to VVV’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BAH 23 290165 -4
EPC 25 509443 -7
TGNA 22 515673 4
QEP 31 527550 -3

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $461 million. That figure was $310 million in VVV’s case. QEP Resources Inc (NYSE:QEP) is the most popular stock in this table. On the other hand Tegna Inc (NYSE:TGNA) is the least popular one with only 22 bullish hedge fund positions. Compared to these stocks Valvoline Inc (NYSE:VVV) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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