Is EPAM Systems Inc (EPAM) Going to Burn These Hedge Funds?

Because EPAM Systems Inc (NYSE:EPAM) has witnessed falling interest from hedge fund managers, it’s easy to see that there lies a certain “tier” of hedgies who sold off their positions entirely heading into Q4. Intriguingly, David Halpert’s Prince Street Capital Management cashed in the biggest stake of the “upper crust” of funds tracked by Insider Monkey, valued at about $11.5 million in stock, and Phill Gross and Robert Atchinson’s Adage Capital Management was right behind this move, as the fund said goodbye to about $10 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as EPAM Systems Inc (NYSE:EPAM) but similarly valued. We will take a look at CAE, Inc. (USA) (NYSE:CAE), Black Hills Corp (NYSE:BKH), First Industrial Realty Trust, Inc. (NYSE:FR), and Snyder S Lance Inc (NASDAQ:LNCE). All of these stocks’ market caps resemble EPAM’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $160 million. That figure was $214 million in EPAM’s case. Black Hills Corp (NYSE:BKH) is the most popular stock in this table. On the other hand Snyder S Lance Inc (NASDAQ:LNCE) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks EPAM Systems Inc (NYSE:EPAM) 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