Here is What Hedge Funds Think About Overseas Shipholding Group, Inc. Class A (OSG)

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Caxton Associates LP, led by Bruce Kovner, assembled the largest position in Overseas Shipholding Group, Inc. Class A (NYSE:OSG). According to regulatory filings, the fund had $13.8 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also initiated a $0.9 million position during the quarter. The following funds were also among the new OSG investors: Cliff Asness’s AQR Capital Management, Jeffrey Bronchick’s Cove Street Capital, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s now review hedge fund activity in other stocks similar to Overseas Shipholding Group, Inc. Class A (NYSE:OSG). We will take a look at ZIOPHARM Oncology Inc. (NASDAQ:ZIOP), PBF Logistics LP (NYSE:PBFX), General Cable Corporation (NYSE:BGC), and Chatham Lodging Trust (NYSE:CLDT). This group of stocks’ market valuations match OSG’s market valuation.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $52 million. That figure was $121 million in OSG’s case. General Cable Corporation (NYSE:BGC) is the most popular stock in this table. On the other hand PBF Logistics LP (NYSE:PBFX) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Overseas Shipholding Group, Inc. Class A (NYSE:OSG) 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.