Hedge Funds Don’t Think Much of Student Transportation Inc (STB)

Consequently, some big names were breaking ground themselves. Citadel Investment Group assembled the biggest position in Student Transportation Inc (NASDAQ:STB), having $0.1 million invested in the company at the end of the quarter. Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital also initiated a $0.1 million position during the quarter.

Let’s go over hedge fund activity in other stocks similar to Student Transportation Inc (NASDAQ:STB). We will take a look at Celyad SA (NASDAQ:CYAD), Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR), American Public Education, Inc. (NASDAQ:APEI), and DXP Enterprises Inc (NASDAQ:DXPE). This group of stocks’ market valuations match STB’s market valuation.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $70 million. That figure was just $3 million in STB’s case. Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) is the most popular stock in this table. On the other hand Celyad SA (NASDAQ:CYAD) is the least popular one with only 4 bullish hedge fund positions. Student Transportation Inc (NASDAQ:STB) is not the least popular stock in this group but hedge fund interest is still below average and they are very underweight the stock. This is a negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AEGR might be a better candidate to consider a long position in.