Is Regis Corporation (RGS) 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 cashed in their entire stakes in the stock during the third quarter. Interestingly, George Hall’s Clinton Group cashed in the largest investment of all the hedgies monitored by Insider Monkey, worth about $0.3 million in stock. David Costen Haley’s fund, HBK Investments, also cut its stock, about $0.2 million worth.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Regis Corporation (NYSE:RGS) but similarly valued. We will take a look at Republic Bancorp, Inc. KY (NASDAQ:RBCAA), Quidel Corporation (NASDAQ:QDEL), Flushing Financial Corporation (NASDAQ:FFIC), and Richmont Mines Inc. (USA) (NYSEAMEX:RIC). This group of stocks’ market caps match RGS’s market cap.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $45 million. That figure was $195 million in RGS’s case. Flushing Financial Corporation (NASDAQ:FFIC) is the most popular stock in this table. On the other hand Republic Bancorp, Inc. KY (NASDAQ:RBCAA) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Regis Corporation (NYSE:RGS) 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