Greenbrier Companies Inc (GBX) Hedge Funds Are Snapping Up

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As aggregate interest increased, key hedge funds have jumped into Greenbrier Companies Inc (NYSE:GBX) headfirst. Hutchin Hill Capital, led by Neil Chriss, created the most outsized position in Greenbrier Companies Inc (NYSE:GBX). Hutchin Hill Capital had $2.2 million invested in the company at the end of the quarter. Jim Simons’ Renaissance Technologies also initiated a $2.2 million position during the quarter. The following funds were also among the new GBX investors: Ken Griffin’s Citadel Investment Group, John Overdeck and David Siegel’s Two Sigma Advisors, and D. E. Shaw’s D E Shaw.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Greenbrier Companies Inc (NYSE:GBX) but similarly valued. These stocks are MakeMyTrip Limited (NASDAQ:MMYT), Select Comfort Corp. (NASDAQ:SCSS), Mercury Systems Inc (NASDAQ:MRCY), and Luminex Corporation (NASDAQ:LMNX). All of these stocks’ market caps match GBX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MMYT 12 157419 -1
SCSS 11 71961 -1
MRCY 12 103069 -3
LMNX 14 109857 -7

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 $111 million. That figure was $58 million in GBX’s case. Luminex Corporation (NASDAQ:LMNX) is the most popular stock in this table. On the other hand Select Comfort Corp. (NASDAQ:SCSS) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Greenbrier Companies Inc (NYSE:GBX) 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.

Disclosure: None

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