Do Hedge Funds Love Bright Horizons Family Solutions Inc (BFAM)?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually sold off their positions entirely. At the top of the heap, Phill Gross and Robert Atchinson’s Adage Capital Management sold off the biggest position of the “upper crust” of funds monitored by Insider Monkey, totaling an estimated $9.9 million in stock. Richard Chilton’s fund, Chilton Investment Company, also said goodbye to its stock, about $4.4 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Bright Horizons Family Solutions Inc (NYSE:BFAM) but similarly valued. We will take a look at Hudson Pacific Properties Inc (NYSE:HPP), Fibria Celulose SA (ADR) (NYSE:FBR), Cypress Semiconductor Corporation (NASDAQ:CY), and Transocean LTD (NYSE:RIG). All of these stocks’ market caps match BFAM’s market cap.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $263 million. That figure was $87 million in BFAM’s case. Transocean LTD (NYSE:RIG) is the most popular stock in this table. On the other hand Fibria Celulose SA (ADR) (NYSE:FBR) is the least popular one with only 7 bullish hedge fund positions. Bright Horizons Family Solutions Inc (NYSE:BFAM) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RIG might be a better candidate to consider taking a long position in.

Disclosure: None