Here is What Hedge Funds Think About Catalent Inc (CTLT)

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Consequently, some big names were leading the bulls’ herd. Renaissance Technologies created the biggest position in Catalent Inc (NYSE:CTLT), investing $12.7 million in the company at the end of the quarter. BlueMar Capital Management also initiated a $5.9 million position during the quarter. The other funds with brand new CTLT positions are Solomon Kumin’s Folger Hill Asset Management, John Overdeck and David Siegel’s Two Sigma Advisors, and David Costen Haley’s HBK Investments.

Let’s now take a look at hedge fund activity in other stocks similar to Catalent Inc (NYSE:CTLT). We will take a look at EnLink Midstream LLC (NYSE:ENLC), Helen of Troy Limited (NASDAQ:HELE), NRG Yield, Inc. Class C (NYSE:NYLD), and Cabot Corp (NYSE:CBT). All of these stocks’ market caps are similar to CTLT’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ENLC 8 23951 3
HELE 19 118690 8
NYLD 25 209760 -4
CBT 19 188841 -1

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $135 million. That figure was $132 million in CTLT’s case. NRG Yield, Inc. Class C (NYSE:NYLD) is the most popular stock in this table. On the other hand EnLink Midstream LLC (NYSE:ENLC) is the least popular one with only 8 bullish hedge fund positions. Catalent Inc (NYSE:CTLT) 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 NYLD might be a better candidate to consider taking a long position in.

Disclosure: None


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