Is Lincoln Electric Holdings, Inc. (LECO) Going To Burn These Hedge Funds?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cut their entire stakes in the stock during the third quarter. It’s worth mentioning that Clint Murray’s Lodge Hill Capital cut the largest stake of all the investors followed by Insider Monkey, totaling about $18.9 million in stock. John Overdeck and David Siegel’s fund, Two Sigma Advisors, also cut its stock, about $1.5 million worth.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Lincoln Electric Holdings, Inc. (NASDAQ:LECO) but similarly valued. We will take a look at Juno Therapeutics Inc (NASDAQ:JUNO), Graphic Packaging Holding Company (NYSE:GPK), Eaton Vance Corp (NYSE:EV), and Retail Properties of America Inc (NYSE:RPAI). This group of stocks’ market values are closest to LECO’s market value.

As you can see these stocks had an average of 17.75 hedge funds with bullish positions and the average amount invested in these stocks was $317 million. That figure was $233 million in LECO’s case. Graphic Packaging Holding Company (NYSE:GPK) is the most popular stock in this table. On the other hand Eaton Vance Corp (NYSE:EV) is the least popular one with only 9 bullish hedge fund positions. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GPK might be a better candidate to consider taking a long position in.

Suggested Articles:
Most Expensive Abstract Paintings
Best Rugged Smartphones By Verizon
Best Places To Visit In USA For Young Couples

Disclosure: None