Is Swift Transportation Co (SWFT) A Good Stock To Buy?

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Consequently, some big names have jumped into Swift Transportation Co (NYSE:SWFT) headfirst. Buckingham Capital Management, managed by David Keidan, established the biggest position in Swift Transportation Co (NYSE:SWFT). Buckingham Capital Management had $7.7 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made an $5.1 million investment in the stock during the quarter. The other funds with brand new SWFT positions are Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital, Andy Redleaf’s Whitebox Advisors, and Jacob Gottlieb’s Visium Asset Management.

Let’s go over hedge fund activity in other stocks similar to Swift Transportation Co (NYSE:SWFT). We will take a look at Washington Federal Inc. (NASDAQ:WAFD), PS Business Parks Inc (NYSE:PSB), Urban Edge Properties (NYSE:UE), and NGL Energy Partners LP (NYSE:NGL). This group of stocks’ market values match SWFT’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
WAFD 13 73687 3
PSB 8 42976 -2
UE 8 11344 -2
NGL 7 10619 0

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $35 million. That figure was $268 million in SWFT’s case. Washington Federal Inc. (NASDAQ:WAFD) is the most popular stock in this table, while the least popular one is NGL Energy Partners LP (NYSE:NGL). Compared to these stocks Swift Transportation Co (NYSE:SWFT), with 38 bullish hedge fund positions, 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.

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