Is Hub Group Inc (HUBG) A Good Stock To Buy According To Hedge Funds?

Now, key hedge funds have jumped into Hub Group Inc (NASDAQ:HUBG) headfirst. Folger Hill Asset Management, managed by Solomon Kumin, created the most valuable position in Hub Group Inc (NASDAQ:HUBG). Folger Hill Asset Management had $1.8 million invested in the company at the end of the quarter. Steve Cohen’s Point72 Asset Management also initiated a $0.4 million position during the quarter. The following funds were also among the new HUBG investors: Dmitry Balyasny’s Balyasny Asset Management, Michael Platt and William Reeves’s BlueCrest Capital Mgmt., and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Hub Group Inc (NASDAQ:HUBG). These stocks are Ladder Capital Corp (NYSE:LADR), The Navigators Group, Inc (NASDAQ:NAVG), WisdomTree Investments, Inc. (NASDAQ:WETF), and Genesco Inc. (NYSE:GCO). This group of stocks’ market values are similar to HUBG’s market value.

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 $68 million. That figure was $287 million in HUBG’s case. The Navigators Group, Inc (NASDAQ:NAVG) is the most popular stock in this table. On the other hand Ladder Capital Corp (NYSE:LADR) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Hub Group Inc (NASDAQ:HUBG) 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.