How AdvancePierre Foods Holdings Inc (APFH) Stacks Up Against Its Peers

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Let’s check out hedge fund activity in other stocks similar to AdvancePierre Foods Holdings Inc (NYSE:APFH). We will take a look at Tri Pointe Homes Inc (NYSE:TPH), Steven Madden, Ltd. (NASDAQ:SHOO), Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), and SouFun Holdings Limited (ADR) (NYSE:SFUN). This group of stocks’ market values resemble APFH’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TPH 25 242290 3
SHOO 4 25248 -7
CCO 16 73696 1
SFUN 11 79709 -1

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 $105 million. That figure was $1312 million in APFH’s case. Tri Pointe Homes Inc (NYSE:TPH) is the most popular stock in this table. On the other hand Steven Madden, Ltd. (NASDAQ:SHOO) is the least popular one with only 4 bullish hedge fund positions. AdvancePierre Foods Holdings Inc (NYSE:APFH) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard TPH might be a better candidate to consider taking a long position in.

Disclosure: None

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