Here is What Hedge Funds Think About Rollins, Inc. (ROL)

As one would reasonably expect, key money managers were leading the bulls’ herd. Millennium Management, managed by Israel Englander, assembled the largest position in Rollins, Inc. (NYSE:ROL). Millennium Management had $2.1 million invested in the company at the end of the quarter. George Hall’s Clinton Group also made an $1.1 million investment in the stock during the quarter. The other funds with brand new ROL positions are Cliff Asness’s AQR Capital Management, Ray Dalio’s Bridgewater Associates, and Ken Griffin’s Citadel Investment Group.

Let’s also examine hedge fund activity in other stocks similar to Rollins, Inc. (NYSE:ROL). We will take a look at Antero Resources Corp (NYSE:AR), Markit Ltd (NASDAQ:MRKT), iShares MSCI ACWI Index Fund (NASDAQ:ACWI), and Regency Centers Corp (NYSE:REG). This group of stocks’ market values match ROL’s market value.

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 $301 million. That figure was $347 million in ROL’s case. Antero Resources Corp (NYSE:AR) is the most popular stock in this table. On the other hand iShares MSCI ACWI Index Fund (NASDAQ:ACWI) is the least popular one with only 5 bullish hedge fund positions. Rollins, Inc. (NYSE:ROL) 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 AR might be a better candidate to consider a long position.