Is Harsco Corporation (HSC) A Good Stock To Buy According To Hedge Funds?

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Consequently, key money managers were breaking ground themselves. Peter Muller’s PDT Partners established the most outsized position in Harsco Corporation (NYSE:HSC). PDT Partners had $1.2 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also initiated a $0.8 million position during the quarter. The following funds were also among the new HSC investors: Matthew Tewksbury’s Stevens Capital Management, George Hall’s Clinton Group, and Ken Griffin’s Citadel Investment Group.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Harsco Corporation (NYSE:HSC) but similarly valued. These stocks are Federal Signal Corporation (NYSE:FSS), Varonis Systems Inc (NASDAQ:VRNS), InfraREIT Inc (NYSE:HIFR), and Cardiovascular Systems Inc (NASDAQ:CSII). This group of stocks’ market caps are closest to HSC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FSS 17 83249 -2
VRNS 17 77160 3
HIFR 12 142129 -4
CSII 15 143251 4

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $111 million. That figure was $87 million in HSC’s case. Federal Signal Corporation (NYSE:FSS) is the most popular stock in this table. On the other hand InfraREIT Inc (NYSE:HIFR) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Harsco Corporation (NYSE:HSC) 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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