Is Ball Corporation (BLL) A Good Stock To Buy?

Consequently, specific money managers were leading the bulls’ herd. Corvex Capital, managed by Keith Meister, created the biggest position in Ball Corporation (NYSE:BLL). Corvex Capital had $170.3 million invested in the company at the end of the quarter. Jacob Doft’s Highline Capital Management also initiated a $67.1 million position during the quarter. The following funds were also among the new BLL investors: Noah Levy and Eugene Dozortsev’s Newtyn Management, Matthew Mark’s Jet Capital Investors, and D. E. Shaw’s D E Shaw.

Let’s also examine hedge fund activity in other stocks similar to Ball Corporation (NYSE:BLL). We will take a look at Markwest Energy Partners LP (NYSE:MWE), Quintiles Transnational Holdings Inc (NYSE:Q), ArcelorMittal (ADR) (NYSE:MT), and Westinghouse Air Brake Technologies Corp (NYSE:WAB). This group of stocks’ market valuations resemble BLL’s market valuation.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $352 million. That figure was $1216 million in BLL’s case. Quintiles Transnational Holdings Inc (NYSE:Q) is the most popular stock in this table. On the other hand Markwest Energy Partners LP (NYSE:MWE) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks Ball Corporation (NYSE:BLL) 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.