Hertz Global Holdings, Inc (HTZ): Are Hedge Funds Right About This Stock?

Now, key money managers were breaking ground themselves. Tourbillon Capital Partners, led by Jason Karp, created the most valuable position in Hertz Global Holdings, Inc (NYSE:HTZ). Tourbillon Capital Partners had $39.6 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $27.8 million investment in the stock during the quarter. The other funds with brand new HTZ positions are Alexander Mitchell’s Scopus Asset Management, Benjamin A. Smith’s Laurion Capital Management, and Adam Bernstein, Mark Hoffman and Glenn Vogelman’s Pagoda Asset Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Hertz Global Holdings, Inc (NYSE:HTZ) but similarly valued. We will take a look at Morningstar, Inc. (NASDAQ:MORN), Regal Entertainment Group (NYSE:RGC), Black Stone Minerals LP (NYSE:BSM), and Sensient Technologies Corporation (NYSE:SXT). This group of stocks’ market valuations match HTZ’s market valuation.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $136 million. That figure was $1.55 billion in HTZ’s case. Regal Entertainment Group (NYSE:RGC) is the most popular stock in this table. On the other hand Black Stone Minerals LP (NYSE:BSM) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Hertz Global Holdings, Inc (NYSE:HTZ) 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