Do Hedge Funds Love Seacor Holdings, Inc. (CKH)?

Since Seacor Holdings, Inc. (NYSE:CKH) has experienced a declining sentiment from the entirety of the hedge funds we track, we can see that there is a sect of money managers who were dropping their entire stakes by the end of the third quarter. Intriguingly, Philippe Jabre’s Jabre Capital Partners cut the biggest position of the “upper crust” of funds tracked by Insider Monkey, valued at close to $6.7 million in stock, and Martin Whitman’s Third Avenue Management was right behind this move, as the fund sold off about $4.5 million worth of shares. These moves are interesting, as total hedge fund interest dropped by 3 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Seacor Holdings, Inc. (NYSE:CKH). We will take a look at Aimmune Therapeutics Inc (NASDAQ:AIMT), Knoll Inc (NYSE:KNL), Merit Medical Systems, Inc. (NASDAQ:MMSI), and Universal Insurance Holdings, Inc. (NYSEAMEX:UVE). This group of stocks’ market caps are similar to CKH’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $91 million, which is lower than the $213 million in CKH’s case. Merit Medical Systems, Inc. (NASDAQ:MMSI) and Universal Insurance Holdings, Inc. (NYSEAMEX:UVE) are the most popular stocks in this table. On the other hand Aimmune Therapeutics Inc (NASDAQ:AIMT) and Knoll Inc (NYSE:KNL) are the least popular ones with only 10 bullish hedge fund positions. Seacor Holdings, Inc. (NYSE:CKH) 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 MMSI and UVE might be better candidates to consider a long position.