Should You Buy Burlington Stores Inc (BURL)?

Now, key money managers were leading the bulls’ herd. Two Sigma Advisors, managed by John Overdeck and David Siegel, established the biggest position in Burlington Stores Inc (NYSE:BURL). Two Sigma Advisors had $88 million invested in the company at the end of the quarter. Robert Pohly’s Samlyn Capital also made a $53.7 million investment in the stock during the quarter. The other funds with brand new BURL positions are Ken Griffin’s Citadel Investment Group, Anand Parekh’s Alyeska Investment Group, and John Kim’s Night Owl Capital Management.

Let’s now review hedge fund activity in other stocks similar to Burlington Stores Inc (NYSE:BURL). We will take a look at Nordson Corporation (NASDAQ:NDSN)), Live Nation Entertainment, Inc. (NYSE:LYV), Banco Bradesco SA (ADR) (NYSE:BBD), and Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY). This group of stocks’ market caps are similar to BURL’s market cap.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $323 million. That figure was $815 million in BURL’s case. Live Nation Entertainment, Inc. (NYSE:LYV) is the most popular stock in this table. On the other hand Banco Bradesco SA (ADR) (NYSE:BBD) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Burlington Stores Inc (NYSE:BURL) 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.