Smart Money Retains Its Bullishness For Hollysys Automation Technologies Ltd (HOLI)

Because Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has witnessed a declination in interest from hedge fund managers, we can see that there is a sect of fund managers that elected to cut their full holdings in the third quarter. Intriguingly, Paul Marshall and Ian Wace’s Marshall Wace LLP said goodbye to the largest stake of the 700 funds followed by Insider Monkey, comprising about $1.4 million in stock, and Fang Zheng’s Keywise Capital Management was right behind this move, as the fund cut about $1.4 million worth of shares. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Hollysys Automation Technologies Ltd (NASDAQ:HOLI) but similarly valued. We will take a look at Maiden Holdings, Ltd. (NASDAQ:MHLD), Analogic Corporation (NASDAQ:ALOG), Spark Therapeutics Inc (NASDAQ:ONCE), and Globant SA (NYSE:GLOB). This group of stocks’ market valuations are closest to Hollysys Automation Technologies Ltd’s market valuation.

As you can see these stocks had an average of 13.75 hedge funds with bullish positions and the average amount invested in these stocks was $78 million. That figure was $83 million in Hollysys Automation Technologies Ltd’s case. Maiden Holdings, Ltd. (NASDAQ:MHLD) is the most popular stock in this table. On the other hand Globant SA (NYSE:GLOB) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Hollysys Automation Technologies Ltd (NASDAQ:HOLI) 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.