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Usa Compression Partners LP (USAC): Hedge Fund Sentiment Unchanged

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As we already know from media reports and hedge fund investor letters, many hedge funds lost money in the third quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with healthcare among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent declines. In particular, let’s take a look at what hedge funds think about Usa Compression Partners LP (NYSE:USAC) in this article.

Hedge fund interest in Usa Compression Partners LP (NYSE:USAC) shares was flat at the end of last quarter. This is usually a negative indicator. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Global Indemnity plc (NASDAQ:GBLI), Urstadt Biddle Properties Inc (NYSE:UBA), and Solar Capital Ltd. (NASDAQ:SLRC) to gather more data points.

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In the financial world, there are many signals stock market investors have at their disposal to evaluate stocks. A couple of the most underrated signals are hedge fund and insider trading interest. We have shown that, historically, those who follow the best picks of the elite fund managers can outpace the broader indices by a very impressive amount (see the details here).

Keeping this in mind, we’re going to take a glance at the key action surrounding Usa Compression Partners LP (NYSE:USAC).

What does the smart money think about Usa Compression Partners LP (NYSE:USAC)?

At the end of the third quarter, a total of 4 of the hedge funds tracked by Insider Monkey held long positions in this stock, unchanged from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Russell Lucas’s Lucas Capital Management has the biggest position in Usa Compression Partners LP (NYSE:USAC), worth close to $2.1 million, accounting for 1.2% of its total 13F portfolio. Sitting at the No. 2 spot is PEAK6 Capital Management, led by Matthew Hulsizer, holding a $1.5 million position; less than 0.1% of its 13F portfolio is allocated to the company. Remaining professional money managers with similar optimism contain Jim Simons’s Renaissance Technologies and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partnerst.

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