Hedge Funds Are Snapping Up Ritchie Bros. Auctioneers (USA) (RBA)

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These stocks are Boston Beer Co Inc (NYSE:SAM), Landstar System, Inc. (NASDAQ:LSTR), Vector Group Ltd (NYSE:VGR), and DCP Midstream Partners, LP (NYSE:DPM). This group of stocks’ market caps resemble RBA’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SAM 24 271005 -3
LSTR 19 222178 -2
VGR 17 233591 -2
DPM 10 14338 5

As you can see these stocks had an average of 17.5 hedge funds with bullish positions and the average amount invested in these stocks was $185 million. That figure was $278 million in RBA’s case. Boston Beer Co Inc (NYSE:SAM) is the most popular stock in this table. On the other hand DCP Midstream Partners, LP (NYSE:DPM) is the least popular one with only 10 bullish hedge fund positions. Ritchie Bros. Auctioneers (USA) (NYSE:RBA) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal which in combination with the total number of funds long the stock increasing makes RBA worthy of a closer look.

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