Here is What Hedge Funds Think About Regions Financial Corp (RF)

Because Regions Financial Corp (NYSE:RF) has faced bearish sentiment from hedge fund managers, it’s easy to see that there was a specific group of hedgies who sold off their entire stakes last quarter. Intriguingly, Peter Muller’s PDT Partners dropped the biggest stake of the 700 funds followed by Insider Monkey, valued at close to $15.3 million in stock. Robert Pohly’s fund, Samlyn Capital, also dumped its call options, worth about $14.5 million.

Let’s check out hedge fund activity in other stocks similar to Regions Financial Corp (NYSE:RF). We will take a look at Church & Dwight Co., Inc. (NYSE:CHD), Chipotle Mexican Grill, Inc. (NYSE:CMG), Whirlpool Corporation (NYSE:WHR), and Agnico-Eagle Mines Limited (USA) (NYSE:AEM). This group of stocks’ market caps are closest to RF’s market cap.

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $959 million. That figure was $824 million in RF’s case. Chipotle Mexican Grill, Inc. (NYSE:CMG) is the most popular stock in this table. On the other hand Church & Dwight Co., Inc. (NYSE:CHD) is the least popular one with only 18 bullish hedge fund positions. Regions Financial Corp (NYSE:RF) 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 CMG might be a better candidate to consider taking a long position in.

Disclosure: none.