Is Albany International Corp. (AIN) Going to Burn Investors?

As aggregate interest increased, key money managers were breaking ground themselves. Tudor Investment Corp, led by Paul Tudor Jones, assembled the most valuable position in Albany International Corp. (NYSE:AIN). Tudor Investment Corp had $0.2 million invested in the company at the end of the quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Albany International Corp. (NYSE:AIN) but similarly valued. These stocks are KB Home (NYSE:KBH), Scholastic Corp (NASDAQ:SCHL), Gannett Co., Inc. (NYSE:GCI), and First Financial Bancorp (NASDAQ:FFBC). This group of stocks’ market valuations match AIN’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 $89 million. That figure was $67 million in AIN’s case. KB Home (NYSE:KBH) is the most popular stock in this table. On the other hand First Financial Bancorp (NASDAQ:FFBC) is the least popular one with only 8 bullish hedge fund positions. Albany International Corp. (NYSE:AIN) 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 KBH and GCI might be better candidates to consider taking long positions in.

Disclosure: None