Here is What Hedge Funds Think About Kirby Corporation (KEX)

Now, some big names have jumped into Kirby Corporation (NYSE:KEX) headfirst. Samlyn Capital assembled the most valuable position in Kirby Corporation (NYSE:KEX). Samlyn Capital had $21.9 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $13.4 million position during the quarter. The other funds with new positions in the stock are Jacob Rothschild’s RIT Capital Partners, Phill Gross and Robert Atchinson’s Adage Capital Management, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s go over hedge fund activity in other stocks similar to Kirby Corporation (NYSE:KEX). These stocks are Seaboard Corporation (NYSEAMEX:SEB), AU Optronics Corp. (ADR) (NYSE:AUO), Pitney Bowes Inc. (NYSE:PBI), and Sunoco LP (NYSE:SUN). This group of stocks’ market values match KEX’s market value.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $130 million. That figure was $344 million in KEX’s case. Pitney Bowes Inc. (NYSE:PBI) is the most popular stock in this table. On the other hand Seaboard Corporation (NYSEAMEX:SEB) is the least popular one with only 10 bullish hedge fund positions. Kirby Corporation (NYSE:KEX) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard PBI might be a better candidate to consider taking a long position in.

Disclosure: None