Here is What Hedge Funds Think About Brink’s Company (BCO)

Since Brink’s Company (NYSE:BCO) has faced a declination in interest from the entirety of the hedge funds we track, logic holds that there exists a select few hedgies who sold off their entire stakes heading into Q4. At the top of the heap, Kenneth Squire’s 13D Management cut the biggest position of the “upper crust” of funds watched by Insider Monkey, valued at about $13.4 million in stock. Stephen V. Raneri’s fund, LionEye Capital Management, also cut its stock, about $3.5 million worth. These moves are important to note, as total hedge fund interest was cut by 6 funds heading into Q4.

Let’s go over hedge fund activity in other stocks similar to Brink’s Company (NYSE:BCO). We will take a look at RealPage, Inc. (NASDAQ:RP), Drew Industries, Inc. (NYSE:DW), Renasant Corp. (NASDAQ:RNST), and BlackRock Credit All Inc Trust IV (NYSE:BTZ). All of these stocks’ market caps match BCO’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $104 million. That figure was $409 million in BCO’s case. RealPage, Inc. (NASDAQ:RP) is the most popular stock in this table. On the other hand BlackRock Credit All Inc Trust IV (NYSE:BTZ) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Brink’s Company (NYSE:BCO) 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.