Is Gulfport Energy Corporation (GPOR) A Good Stock To Buy?

Because Gulfport Energy Corporation (NASDAQ:GPOR) has witnessed bearish sentiment from the entirety of the hedge funds we track, we can see that there is a sect of hedgies who were dropping their full holdings heading into Q4. At the top of the heap, Robert Pitts’s Steadfast Capital Management dropped the biggest position of the “upper crust” of funds watched by Insider Monkey, worth an estimated $74.9 million in stock, and Anand Parekh’s Alyeska Investment Group was right behind this move, as the fund sold off about $24.3 million worth of GPOR shares. These transactions are intriguing to say the least, as total hedge fund interest was cut by 6 funds heading into Q4.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Gulfport Energy Corporation (NASDAQ:GPOR) but similarly valued. We will take a look at Charles River Laboratories (NYSE:CRL), AGCO Corporation (NYSE:AGCO), Gramercy Property Trust Inc (NYSE:GPT), and Elbit Systems Ltd. (USA) (NASDAQ:ESLT). This group of stocks’ market caps are closest to GPOR’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $369 million. That figure was $816 million in GPOR’s case. Charles River Laboratories (NYSE:CRL) is the most popular stock in this table. On the other hand Elbit Systems Ltd. (USA) (NASDAQ:ESLT) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Gulfport Energy Corporation (NASDAQ:GPOR) 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.

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