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Hedge Funds Are Crazy About Monster Worldwide, Inc. (MWW)

As aggregate interest increased, some big names have been driving this bullishness. McKinley Capital Management, managed by Robert B. Gillam, assembled the most valuable position in Monster Worldwide, Inc. (NYSE:MWW). The fund had $7.1 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also made a $0.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Paul Tudor Jones’s Tudor Investment Corp, Dmitry Balyasny’s Balyasny Asset Management, and Cliff Asness’s AQR Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Monster Worldwide, Inc. (NYSE:MWW) but similarly valued. We will take a look at Entravision Communication (NYSE:EVC), National Presto Industries Inc. (NYSE:NPK), CalAmp Corp. (NASDAQ:CAMP), and Iridium Communications Inc. (NASDAQ:IRDM). All of these stocks’ market caps match MWW’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
EVC 19 93740 1
NPK 11 78715 1
CAMP 14 32809 -2
IRDM 12 20789 1

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 $57 million. That figure was $99 million in MWW’s case, a positive sign. Entravision Communication (NYSE:EVC) is the most popular stock in this table. On the other hand National Presto Industries Inc. (NYSE:NPK) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Monster Worldwide, Inc. (NYSE:MWW) 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.

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