How PICO Holdings Inc (PICO) Stacks Up Against Its Peers

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. D. E. Shaw’s D E Shaw created the largest position in PICO Holdings Inc (NASDAQ:PICO). D E Shaw had $0.3 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.1 million position during the quarter. The only other fund with a brand new PICO position is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as PICO Holdings Inc (NASDAQ:PICO) but similarly valued. We will take a look at RigNet Inc (NASDAQ:RNET), JP Energy Partners LP (NYSE:JPEP), Macatawa Bank Corporation (NASDAQ:MCBC), and TRC Companies, Inc. (NYSE:TRR). All of these stocks’ market caps match PICO’s market cap.

As you can see these stocks had an average of 4 hedge funds with bullish positions and the average amount invested in these stocks was $12 million. That figure was $44 million in PICO’s case. RigNet Inc (NASDAQ:RNET) is the most popular stock in this table. On the other hand Macatawa Bank Corporation (NASDAQ:MCBC) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks PICO Holdings Inc (NASDAQ:PICO) 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