Burlington Stores Inc (BURL) Rewards Confident Investors With Big Quarter

Now, some big names have jumped into Burlington Stores Inc (NYSE:BURL) headfirst. Tourbillon Capital Partners assembled the most outsized position in Burlington Stores Inc (NYSE:BURL). Tourbillon Capital Partners had $72.2 million invested in the company at the end of the quarter. David Keidan’s Buckingham Capital Management also made a $31.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Christopher A. Winham’s Tide Point Capital, and Gregg Moskowitz’s Interval Partners.

Let’s also examine hedge fund activity in other stocks similar to Burlington Stores Inc (NYSE:BURL). We will take a look at Booz Allen Hamilton Holding Corporation (NYSE:BAH), Senior Housing Properties Trust (NYSE:SNH), Oceaneering International (NYSE:OII), and Vedanta Ltd (ADR) (NYSE:VEDL). This group of stocks’ market caps are closest to BURL’s market cap.

As you can see these stocks had an average of 16.25 hedge funds with bullish positions and the average amount invested in these stocks was $100 million. That figure was $772 million in Burlington Stores Inc (NYSE:BURL)’s case. Oceaneering International (NYSE:OII) is the most popular stock in this table. On the other hand Vedanta Ltd (ADR) (NYSE:VEDL) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Burlington Stores Inc (NYSE:BURL) is far more popular among the investors in our database, and has far more money invested in it (in fact it has more money invested in than all four other stocks combined. Considering that smart money is fond of this stock in relation to its market cap peers and the company’s performance appears to be backing up their bullishness, it may be a good idea to analyze it in detail and potentially include it in your portfolio.