Hedge Funds Are Selling Robert Half International Inc. (RHI)

Judging by the fact that Robert Half International Inc. (NYSE:RHI) has experienced a decline in interest from the smart money, we can see that there is a sect of money managers who sold off their full holdings last quarter. Interestingly, George Hall’s Clinton Group dumped the biggest position of all the hedgies watched by Insider Monkey, valued at close to $5 million in stock, and Israel Englander’s Millennium Management was right behind this move, as the fund dumped about $3.9 million worth of shares. These transactions are intriguing to say the least, as total hedge fund interest fell by 5 funds last quarter.

Let’s check out hedge fund activity in other stocks similar to Robert Half International Inc. (NYSE:RHI). These stocks are Edgewell Personal Care Company (NYSE:EPC), Godaddy Inc (NYSE:GDDY), Sonoco Products Company (NYSE:SON), and Vail Resorts, Inc. (NYSE:MTN). This group of stocks’ market valuations resemble RHI’s market valuation.

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $594 million. That figure was $253 million in RHI’s case. Vail Resorts, Inc. (NYSE:MTN) is the most popular stock in this table. On the other hand Sonoco Products Company (NYSE:SON) is the least popular one with only 17 bullish hedge fund positions. Robert Half International Inc. (NYSE:RHI) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MTN might be a better candidate to consider a long position in.

Disclosure: None