Hedge Funds Are Selling Carrizo Oil & Gas, Inc. (CRZO)

Since Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has witnessed falling interest from the entirety of the hedge funds we track, logic holds that there were a few hedge funds that elected to cut their full holdings in the third quarter. Interestingly, Dmitry Balyasny’s Balyasny Asset Management said goodbye to the biggest position of the “upper crust” of funds monitored by Insider Monkey, valued at about $14.7 million in stock, and Kyle Bass’ Hayman Advisors was right behind this move, as the fund dropped about $14.4 million worth. These transactions are important to note, as aggregate hedge fund interest dropped by 2 funds in the third quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) but similarly valued. We will take a look at Cyberark Software Ltd (NASDAQ:CYBR), NOW Inc (NYSE:DNOW), Education Realty Trust, Inc. (NYSE:EDR), and Cyberonics, Inc. (NASDAQ:CYBX). This group of stocks’ market values are similar to CRZO’s market value.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $270 million. That figure was $161 million in CRZO’s case. Cyberonics, Inc. (NASDAQ:CYBX) is the most popular stock in this table with 22 funds reporting long positions, while Education Realty Trust, Inc. (NYSE:EDR) is the least popular one. Compared to these stocks Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) 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.