Here Is What Hedge Funds Think About ENSCO PLC (ESV)

Now, some big names have been driving this bullishness. Alyeska Investment Group, managed by Anand Parekh, created the largest position in ENSCO PLC (NYSE:ESV). Alyeska Investment Group had $8.4 million invested in the company at the end of the quarter. Robert Polak’s Anchor Bolt Capital also made a $6.8 million investment in the stock during the quarter. The following funds were also among the new ESV investors: Till Bechtolsheimer’s Arosa Capital Management and Benjamin A. Smith’s Laurion Capital Management.

Let’s also examine hedge fund activity in other stocks similar to ENSCO PLC (NYSE:ESV). We will take a look at National Beverage Corp. (NASDAQ:FIZZ), Prestige Brands Holdings, Inc. (NYSE:PBH), Metals USA Holdings Corp (NYSE:MUSA), and Owens-Illinois Inc (NYSE:OI). This group of stocks’ market valuations resemble ESV’s market valuation.

As you can see these stocks had an average of 20 investors with bullish positions and the average amount invested in these stocks was $302 million. That figure was $556 million in ESV’s case. Owens-Illinois Inc (NYSE:OI) is the most popular stock in this table. On the other hand Prestige Brands Holdings, Inc. (NYSE:PBH) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks ENSCO PLC (NYSE:ESV) 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.