FEI Company (FEIC): Hedge Funds Are Snapping Up

As aggregate interest increased, some big names have been driving this bullishness. Gotham Asset Management assembled the most outsized position in FEI Company (NASDAQ:FEIC). Peter Muller’s PDT Partners also initiated a $2.5 million position during the quarter. The other funds with brand new FEIC positions are Matthew Tewksbury’s Stevens Capital Management, George Hall’s Clinton Group, and Benjamin A. Smith’s Laurion Capital Management.

Let’s now review hedge fund activity in other stocks similar to FEI Company (NASDAQ:FEIC). These stocks are Catalent Inc (NYSE:CTLT), HSN, Inc. (NASDAQ:HSNI), New Residential Investment Corp (NYSE:NRZ), and PrivateBancorp Inc (NASDAQ:PVTB). This group of stocks’ market valuations are similar to FEIC’s market valuation.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $253 million. That figure was $124 million in FEIC’s case. New Residential Investment Corp (NYSE:NRZ) is the most popular stock in this table. On the other hand HSN, Inc. (NASDAQ:HSNI) is the least popular one with only 10 bullish hedge fund positions. FEI Company (NASDAQ:FEIC) 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 NRZ might be a better candidate to consider a long position.