Do Hedge Funds Love Moog Inc (MOG-A)?

Now, specific money managers have jumped into Moog Inc (NYSE:MOG-A) headfirst. PDT Partners, managed by Peter Muller, created the most outsized position in Moog Inc (NYSE:MOG-A). PDT Partners had $1.1 million invested in the company at the end of the quarter. Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners also initiated a $0.4 million position during the quarter. The following funds were also among the new MOG investors: Ken Gray and Steve Walsh’s Bryn Mawr Capital, Ken Griffin’s Citadel Investment Group, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Moog Inc (NYSE:MOG-A) but similarly valued. These stocks are TerraForm Power Inc (NASDAQ:TERP), Cabot Corp (NYSE:CBT), Belden Inc. (NYSE:BDC), and Corporate Office Properties Trust (NYSE:OFC). This group of stocks’ market valuations match MOG’s market valuation.

As you can see these stocks had an average of 24.25 hedge funds with bullish positions and the average amount invested in these stocks was $207 million. That figure was $75 million in MOG’s case. TerraForm Power Inc (NASDAQ:TERP) is the most popular stock in this table. On the other hand Corporate Office Properties Trust (NYSE:OFC) is the least popular one with only 16 bullish hedge fund positions. Moog Inc (NYSE:MOG-A) 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 TERP might be a better candidate to consider a long position.