Is Energizer Holdings, Inc. (ENR) a Good Stock to Buy?

Since Energizer Holdings, Inc. (NYSE:ENR) has weathered declining sentiment from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of money managers that elected to cut their positions entirely in the third quarter. Intriguingly, Ram Seshan Venkateswaran’s Vernier Capital sold off the biggest position of all the hedgies studied by Insider Monkey, comprising an estimated $16.5 million in stock, and Glenn Russell Dubin’s Highbridge Capital Management was right behind this move, as the fund cut about $8.2 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Energizer Holdings, Inc. (NYSE:ENR). These stocks are Integra Lifesciences Holdings Corp (NASDAQ:IART), United States Cellular Corporation (NYSE:USM), B&G Foods, Inc. (NYSE:BGS), and PS Business Parks Inc (NYSE:PSB). All of these stocks’ market caps are closest to ENR’s market cap.

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 $156 million. That figure was $274 million in ENR’s case. Integra Lifesciences Holdings Corp (NASDAQ:IART) is the most popular stock in this table. On the other hand PS Business Parks Inc (NYSE:PSB) is the least popular one with only seven funds holding shares. Compared to these stocks Energizer Holdings, Inc. (NYSE:ENR) 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