Is Herc Holdings Inc. (HRI) Worthy of Your Portfolio?

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Let’s go over hedge fund activity in other stocks similar to Herc Holdings Inc. (NYSE:HRI). These stocks are Advanced Accelerator Application SA(ADR) (NASDAQ:AAAP), Gogo Inc (NASDAQ:GOGO), ClubCorp Holdings Inc (NYSE:MYCC), and AveXis Inc (NASDAQ:AVXS). This group of stocks’ market valuations are similar to HRI’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AAAP 7 138309 1
GOGO 21 183787 5
MYCC 18 102793 0
AVXS 20 297586 10

As you can see these stocks had an average of 17  funds with bullish positions and the average amount invested in these stocks was $181 million. That figure was $470 million in HRI’s case. Gogo Inc (NASDAQ:GOGO) is the most popular stock in this table. On the other hand Advanced Accelerator Application SA(ADR) (NASDAQ:AAAP) is the least popular one with only seven investors holding shares. Compared to these stocks Herc Holdings Inc. (NYSE:HRI) 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

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