Here is What Hedge Funds Think About Willbros Group Inc (WG)

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that said goodbye to their entire stakes in the stock during the third quarter. Interestingly, Ken Griffin’s Citadel Investment Group said goodbye to the biggest position of all the investors studied by Insider Monkey, comprising about $0.3 million in stock, and Israel Englander’s Millennium Management was right behind this move, as the fund sold off about $0.2 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Willbros Group Inc (NYSE:WG) but similarly valued. We will take a look at Stonegate Mortageg Corp (NYSE:SGM), Safe Bulkers, Inc. (NYSE:SB), Prudential Bancorp, Inc. of PA (NASDAQ:PBIP), and Ellington Residential Mortgage REIT (NYSE:EARN). This group of stocks’ market valuations match WG’s market valuation.

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $16 million. That figure was $11 million in WG’s case. Stonegate Mortageg Corp (NYSE:SGM) is the most popular stock in this table. On the other hand Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Willbros Group Inc (NYSE:WG) 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.