What Do Hedge Funds Think of World Fuel Services Corporation (INT)?

As one would reasonably expect, key money managers have been driving this bullishness. Lee Munder Capital Group, managed by Lee Munder, assembled the most outsized position in World Fuel Services Corporation (NYSE:INT). Lee Munder Capital Group had $8.3 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also initiated a $0.7 million position during the quarter. The following funds were also among the new INT investors: Roger Ibbotson’s Zebra Capital Management, Matthew Hulsizer’s PEAK6 Capital Management, and David Dreman’s Dreman Value Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as World Fuel Services Corporation (NYSE:INT) but similarly valued. We will take a look at Myriad Genetics, Inc. (NASDAQ:MYGN), TCF Financial Corporation (NYSE:TCB), New Jersey Resources Corp (NYSE:NJR), and TAL Education Group (ADR) (NYSE:XRS). All of these stocks’ market caps are similar to INT’s market cap.

As you can see these stocks had an average of 17.25 hedge funds with bullish positions and the average amount invested in these stocks was $281 million. That figure was $97 million in INT’s case. Myriad Genetics, Inc. (NASDAQ:MYGN) is the most popular stock in this table. On the other hand TAL Education Group (ADR) (NYSE:XRS) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks World Fuel Services Corporation (NYSE:INT) 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.