Comfort Systems USA, Inc. (FIX): Are Hedge Funds Right About This Stock?

As one would reasonably expect, some big names have been driving this bullishness. Driehaus Capital, managed by Richard Driehaus, established a position in Comfort Systems USA, Inc. (NYSE:FIX). Driehaus Capital had $3.5 million invested in the company at the end of the quarter. Ken Fisher’s Fisher Asset Management also made an $3.2 million investment in the stock during the quarter. The other funds with new positions in the stock are David Costen Haley’s HBK Investments, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, and Mike Vranos’s Ellington.

Let’s check out hedge fund activity in other stocks similar to Comfort Systems USA, Inc. (NYSE:FIX). These stocks are Hollysys Automation Technologies Ltd (NASDAQ:HOLI), Maiden Holdings, Ltd. (NASDAQ:MHLD), Analogic Corporation (NASDAQ:ALOG), and Spark Therapeutics Inc (NASDAQ:ONCE). This group of stocks’ market values match FIX’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HOLI 22 82765 0
MHLD 20 45062 5
ALOG 15 106331 1
ONCE 11 113987 -6

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $87 million. That figure was $83 million in FIX’s case. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) is the most popular stock in this table. On the other hand, Spark Therapeutics Inc (NASDAQ:ONCE), with is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Comfort Systems USA, Inc. (NYSE:FIX), with 23 bullish hedge fund positions is more popular among stocks in this particular group. 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.