Do Hedge Funds Love Tuniu Corp (TOUR)?

Consequently, some big names have been driving this bullishness. Charles Davidson’s Wexford Capital established the biggest position in Tuniu Corp (NASDAQ:TOUR). Matthew Hulsizer’s PEAK6 Capital Management also made a $0.2 million investment in the stock during the quarter. The other funds with new positions in the stock are D. E. Shaw’s D E Shaw and Larry Chen and Terry Zhang’s Tairen Capital.

Let’s also examine hedge fund activity in other stocks similar to Tuniu Corp (NASDAQ:TOUR). We will take a look at Siliconware Precision Industries (ADR) (NASDAQ:SPIL), Avid Technology, Inc. (NASDAQ:AVID), Primo Water Corporation (NASDAQ:PRMW), and Natural Gas Services Group, Inc. (NYSE:NGS). This group of stocks’ market caps are similar to TOUR’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $52 million. That figure was $13 million in TOUR’s case. Avid Technology, Inc. (NASDAQ:AVID) is the most popular stock in this table. On the other hand Siliconware Precision Industries (ADR) (NASDAQ:SPIL) is the least popular one with only 6 bullish hedge fund positions. Tuniu Corp (NASDAQ:TOUR) 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 AVID might be a better candidate to consider taking a long position in.

Disclosure: none.