Here is What Hedge Funds Think About YRC Worldwide, Inc. (YRCW)

With a general bullishness amongst the heavyweights, key money managers were leading the bulls’ herd. D E Shaw, managed by D. E. Shaw, created the largest position in YRC Worldwide, Inc. (NASDAQ:YRCW). D E Shaw had $3.1 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also initiated a $1.6 million position during the quarter. The following funds were also among the new YRCW investors: Ken Brodkowitz and Mike Vermut’s Newland Capital, Ira Unschuld’s Brant Point Investment Management, and Mike Vranos’ Ellington.

Let’s now review hedge fund activity in other stocks similar to YRC Worldwide, Inc. (NASDAQ:YRCW). These stocks are Eclipse Resources Corp (NYSE:ECR), SunCoke Energy Partners LP (NYSE:SXCP), Imprivata Inc (NYSE:IMPR), and Applied Micro Circuits Corporation (NASDAQ:AMCC). This group of stocks’ market valuations are similar to YRCW’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 $51 million, significantly lower than the $214 million figure in YRCW’s case. Imprivata Inc (NYSE:IMPR) is the most popular stock in this table with a total of 15 funds reporting long positions. On the other hand SunCoke Energy Partners LP (NYSE:SXCP) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks YRC Worldwide, Inc. (NASDAQ:YRCW) 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.