Do Hedge Funds Love Superior Industries International Inc. (SUP)?

As industrywide interest jumped, key money managers were leading the bulls’ herd. Citadel Investment Group, managed by Ken Griffin, initiated the most outsized position in Superior Industries International Inc. (NYSE:SUP). Citadel Investment Group had $0.8 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also initiated a $0.4 million position during the quarter. The other funds with new positions in the stock are D. E. Shaw’s D E Shaw, Peter Muller’s PDT Partners, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Superior Industries International Inc. (NYSE:SUP) but similarly valued. We will take a look at NN, Inc. (NASDAQ:NNBR), Double Eagle Acquisition Corp (NASDAQ:EAGL), Xencor Inc (NASDAQ:XNCR), and Carmike Cinemas, Inc. (NASDAQ:CKEC). All of these stocks’ market caps resemble SUP’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NNBR 17 59314 2
EAGL 21 188341 21
XNCR 19 91690 3
CKEC 26 99288 2

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $110 million. That figure was $58 million in SUP’s case. Carmike Cinemas, Inc. (NASDAQ:CKEC) is the most popular stock in this table, while the least popular one is NN, Inc. (NASDAQ:NNBR). Compared to these stocks Superior Industries International Inc. (NYSE:SUP), with 12 bullish hedge fund positions is even less popular than NNBR. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.