Here Is What Hedge Funds Think About Pampa Energia S.A. (ADR) (PAM)

Because Pampa Energia S.A. (ADR) (NYSE:PAM) has sustained falling interest from the smart money, it’s easy to see that there exists a select few funds that slashed their entire stakes last quarter. At the top of the heap, Edmond M. Safra’s EMS Capital cashed in the largest position of all the investors followed by Insider Monkey, totaling an estimated $15.1 million in stock, and Randall Smith’s Alden Global Capital was right behind this move, as the fund sold off about $2 million worth of shares.

Let’s also examine hedge fund activity in other stocks similar to Pampa Energia S.A. (ADR) (NYSE:PAM). We will take a look at FS Investment Corporation (NYSE:FSIC), Paylocity Holding Corp (NASDAQ:PCTY), First Majestic Silver Corp (NYSE:AG), and Selective Insurance Group (NASDAQ:SIGI). This group of stocks’ market caps are similar to PAM’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $62 million. That figure was $285 million in PAM’s case. First Majestic Silver Corp (NYSE:AG) is the most popular stock in this table. On the other hand FS Investment Corporation (NYSE:FSIC) is the least popular one with only 3 bullish hedge fund positions. Pampa Energia S.A. (ADR) (NYSE:PAM) 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 AG might be a better candidate to consider taking a long position in.

Suggested Articles:
Countries With The Highest Rates of Serial Killers
Most Racist European Countries Towards Muslims
Most Open Minded Countries In The World

Disclosure: None