Here is What Hedge Funds Think About Altra Industrial Motion Corp (AIMC)

As industrywide interest jumped, key money managers have been driving this bullishness. Hutchin Hill Capital, led by Neil Chriss, assembled the most valuable position in Altra Industrial Motion Corp (NASDAQ:AIMC). Hutchin Hill Capital had $0.6 million invested in the company at the end of the quarter. Paul Tudor Jones’ Tudor Investment Corp also made a $0.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Glenn Russell Dubin’s Highbridge Capital Management, Matthew Tewksbury’s Stevens Capital Management, and Robert B. Gillam’s McKinley Capital Management.

Let’s now review hedge fund activity in other stocks similar to Altra Industrial Motion Corp (NASDAQ:AIMC). These stocks are Keryx Biopharmaceuticals (NASDAQ:KERX), Penn West Petroleum Ltd (USA) (NYSE:PWE), Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI), and Amicus Therapeutics, Inc. (NASDAQ:FOLD). All of these stocks’ market caps are similar to AIMC’s market cap.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $151 million. That figure was $32 million in AIMC’s case. Amicus Therapeutics, Inc. (NASDAQ:FOLD) is the most popular stock in this table. On the other hand Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) is the least popular one with only 5 bullish hedge fund positions. Altra Industrial Motion Corp (NASDAQ:AIMC) 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 FOLD might be a better candidate to consider taking a long position in.

Disclosure: None