Hedge Funds Are Coming Back to Msci Inc (MSCI)

Now, some big names have jumped into Msci Inc (NYSE:MSCI) headfirst. Magnetar Capital, managed by Alec Litowitz and Ross Laser, initiated the biggest position in Msci Inc (NYSE:MSCI). Magnetar Capital had $1.4 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $1.1 million position during the quarter. The following funds were also among the new MSCI investors: George Hall’s Clinton Group and Mike Vranos’ Ellington.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Msci Inc (NYSE:MSCI) but similarly valued. These stocks are Ralph Lauren Corp (NYSE:RL), Sabre Corp (NASDAQ:SABR), Foot Locker, Inc. (NYSE:FL), and InterContinental Hotels Group PLC (ADR) (NYSE:IHG). All of these stocks’ market caps match MSCI’s market cap.

As you can see these stocks had an average of 22.25 hedge funds with bullish positions and the average amount invested in these stocks was $887 million. That figure was $350 million in MSCI’s case. Sabre Corp (NASDAQ:SABR) is the most popular stock in this table. On the other hand InterContinental Hotels Group PLC (ADR) (NYSE:IHG) is the least popular one with only 6 bullish hedge fund positions. Msci Inc (NYSE:MSCI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FL might be a better candidate to consider for a long position.

Disclosure: None