Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Do Hedge Funds Love Ashford Hospitality Prime Inc (AHP)?

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is Ashford Hospitality Prime Inc (NYSE:AHP), so let’s take a closer look at the sentiment that surrounds it in the current quarter.

Ashford Hospitality Prime Inc (NYSE:AHP) was in 14 hedge funds’ portfolios at the end of the third quarter of 2015. AHP shareholders have witnessed an increase in hedge fund sentiment recently. There were 13 hedge funds in our database with AHP positions at the end of the previous quarter. 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 Memorial Production Partners LP (NASDAQ:MEMP), Pericom Semiconductor (NASDAQ:PSEM), and Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) to gather more data points.

Follow Braemar Hotels & Resorts Inc. (NYSE:BHR)
Trade (NYSE:BHR) Now!

Today there are numerous metrics shareholders can use to appraise stocks. Two of the best metrics are hedge fund and insider trading sentiment. We have shown that, historically, those who follow the top picks of the top money managers can outpace their index-focused peers by a significant amount (see the details here).

Keeping this in mind, we’re going to take a look at the recent action encompassing Ashford Hospitality Prime Inc (NYSE:AHP).

What have hedge funds been doing with Ashford Hospitality Prime Inc (NYSE:AHP)?

Heading into Q4, a total of 14 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 8% from the second quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their holdings significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Sessa Capital, managed by John Petry, holds the most valuable position in Ashford Hospitality Prime Inc (NYSE:AHP). Sessa Capital has a $28.9 million position in the stock, comprising 11.3% of its 13F portfolio. The second most bullish fund manager is Steve Pei of Gratia Capital, with a $10.3 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Other professional money managers that are bullish include Peter Schliemann’s Rutabaga Capital Management and Jim Simons’ Renaissance Technologies.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.