Is Seacor Holdings, Inc. (CKH) Worthy of Your Portfolio?

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On the other hand, some hedge funds decided to get rid of their positions entirely during the third quarter. It’s worth mentioning that First Eagle Investment Management got rid of the largest position of the 700 funds watched by Insider Monkey, comprising close to $5.6 million in stock. Steve Cohen’s fund, Point72 Asset Management, also sold off its stock, about $2.6 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Seacor Holdings, Inc. (NYSE:CKH) but similarly valued. We will take a look at Usa Compression Partners LP (NYSE:USAC), 8Point3 Energy Partners LP (NASDAQ:CAFD), The Andersons, Inc. (NASDAQ:ANDE), and Repligen Corporation (NASDAQ:RGEN). This group of stocks’ market valuations match CKH’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
USAC 6 10534 0
CAFD 12 47538 4
ANDE 12 48680 3
RGEN 14 63917 0

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 $43 million. That figure was $208 million in CKH’s case. Repligen Corporation (NASDAQ:RGEN) is the most popular stock in this table. On the other hand Usa Compression Partners LP (NYSE:USAC) is the least popular one with only six bullish hedge fund positions. Seacor Holdings, Inc. (NYSE:CKH) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Repligen Corporation might be a better candidate to consider taking a long position in.

Disclosure: none

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