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 Republic Airways Holdings Inc. (RJET)?

Intriguingly, Stephen V. Raneri’s LionEye Capital Management dropped the largest position of all the hedgies monitored by Insider Monkey, comprising an estimated $18.9 million in stock. Louis Bacon’s fund, Moore Global Investments, also said goodbye to its stock, about $3.4 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s go over hedge fund activity in other stocks similar to Republic Airways Holdings Inc. (NASDAQ:RJET). We will take a look at Central European Media Enterprises Ltd. (NASDAQ:CETV), Nanometrics Incorporated (NASDAQ:NANO), Handy and Harman Ltd (NASDAQ:HNH), and AEP Industries (NASDAQ:AEPI). This group of stocks’ market valuations resemble RJET’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CETV 8 55195 -2
NANO 7 46491 0
HNH 6 214972 -1
AEPI 12 84754 5

As you can see these stocks had an average of 8.25 hedge funds with bullish positions and the average amount invested in these stocks was $100 million. That figure was $83 million in RJET’s case. AEP Industries (NASDAQ:AEPI) is the most popular stock in this table. On the other hand Handy and Harman Ltd (NASDAQ:HNH) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Republic Airways Holdings Inc. (NASDAQ:RJET) is more popular among hedge funds. 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.

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.