Is Post Holdings Inc (POST) A Good Stock To Buy?

With a general bullishness amongst the heavyweights, key hedge funds have jumped into Post Holdings Inc (NYSE:POST) headfirst. Iridian Asset Management, led by David Cohen and Harold Levy, initiated the most outsized position in Post Holdings Inc (NYSE:POST). Iridian Asset Management had $96 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also made a $14.7 million investment in the stock during the quarter. The other funds with brand new POST positions are Solomon Kumin’s Folger Hill Asset Management, Matthew Mark’s Jet Capital Investors, and Anand Parekh’s Alyeska Investment Group.

Let’s go over hedge fund activity in other stocks similar to Post Holdings Inc (NYSE:POST). These stocks are Calpine Corporation (NYSE:CPN), Polaris Industries Inc. (NYSE:PII), Carlyle Group LP (NASDAQ:CG), and Core Laboratories N.V. (NYSE:CLB). This group of stocks’ market values are closest to POST’s market value.

As you can see these stocks had an average of 20 funds with long positions and the average amount invested in these stocks was $287 million. That figure was $1.55 billion in POST’s case. Calpine Corporation (NYSE:CPN) is the most popular stock in this table with 35 funds reporting ownership of the stock. On the other hand, Carlyle Group LP (NASDAQ:CG) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Post Holdings Inc (NYSE:POST) 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