Hedge Funds Are Buying The Timken Company (TKR)

Consequently, key money managers were breaking ground themselves. Balyasny Asset Management, led by Dmitry Balyasny, assembled the biggest position in The Timken Company (NYSE:TKR). Balyasny Asset Management had $11.5 million invested in the company at the end of the quarter. Ed Beddow and William Tichy’s Beddow Capital Management also made a $4.8 million investment in the stock during the quarter. The other funds with brand new TKR positions are Alexander Mitchell’s Scopus Asset Management, Ray Carroll’s Breton Hill Capital, and Mike Vranos’ Ellington.

Let’s go over hedge fund activity in other stocks similar to The Timken Company (NYSE:TKR). These stocks are Texas Roadhouse Inc (NASDAQ:TXRH), Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), Autohome Inc (ADR) (NYSE:ATHM), and Acadia Realty Trust (NYSE:AKR). This group of stocks’ market valuations resemble TKR’s market valuation.

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 $212 million. That figure was $137 million in TKR’s case. Texas Roadhouse Inc (NASDAQ:TXRH) is the most popular stock in this table. On the other hand Acadia Realty Trust (NYSE:AKR) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks The Timken Company (NYSE:TKR) 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