Hedge Funds Are Pouring Into Sodastream International Ltd (SODA)

Now, key money managers have been driving this bullishness. Citadel Investment Group initiated the biggest call position in Sodastream International Ltd (NASDAQ:SODA). Citadel Investment Group had $1.8 million invested in the company at the end of the quarter. Frank Slattery’s Symmetry Peak Management also made a $0.6 million investment in the stock during the quarter. The following funds were also among the new SODA investors: Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Sodastream International Ltd (NASDAQ:SODA) but similarly valued. These stocks are InnerWorkings, Inc. (NASDAQ:INWK), State National Companies Inc (NASDAQ:SNC), First Financial Corp (NASDAQ:THFF), and Mesa Laboratories, Inc. (NASDAQ:MLAB). All of these stocks’ market caps match SODA’s market cap.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $43 million. That figure was $67 million in SODA’s case. InnerWorkings, Inc. (NASDAQ:INWK) is the most popular stock in this table. On the other hand First Financial Corp (NASDAQ:THFF) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Sodastream International Ltd (NASDAQ:SODA) 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