KT Corp (ADR) (KT): Hedge Funds Are Snapping Up

Consequently, key money managers were leading the bulls’ herd. AQR Capital Management created the largest position in KT Corporation (ADR) (NYSE:KT) which had $4.5 million invested in the company at the end of the quarter. Mike Vranos’s Ellington also initiated a $0.7 million position during the quarter. The only other fund with a new position in the stock is Louis Navellier’s Navellier & Associates.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as KT Corporation (ADR) (NYSE:KT) but similarly valued. These stocks are Kohl’s Corporation (NYSE:KSS), Ryanair Holdings plc (ADR) (NASDAQ:RYAAY), Western Gas Partners, LP (NYSE:WES), and Sabre Corp (NASDAQ:SABR). This group of stocks’ market caps are similar to KT’s market cap.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $717 million. That figure was $93 million in KT’s case. Kohl’s Corporation (NYSE:KSS) is the most popular stock in this table. On the other hand Western Gas Partners, LP (NYSE:WES) is the least popular one with only 8 bullish hedge fund positions. KT Corporation (ADR) (NYSE:KT) 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 KSS might be a better candidate to consider taking a long position in.

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Disclosure: None