Here Is What Hedge Funds Think About Robert Half International Inc. (RHI)

Consequently, key hedge funds have jumped into Robert Half International Inc. (NYSE:RHI) headfirst. Carlson Capital, managed by Clint Carlson, created the most valuable position in Robert Half International Inc. (NYSE:RHI). Carlson Capital had $6.1 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also initiated a $2 million position during the quarter. The other funds with new positions in the stock are Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, Lawrence Sapanski’s Scoria Capital, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Robert Half International Inc. (NYSE:RHI) but similarly valued. We will take a look at CIT Group Inc. (NYSE:CIT), Westlake Chemical Corporation (NYSE:WLK), Garmin Ltd. (NASDAQ:GRMN), and Spirit AeroSystems Holdings, Inc. (NYSE:SPR). All of these stocks’ market caps resemble RHI’s market cap.

As you can see these stocks had an average of 31.25 hedge funds with bullish positions and the average amount invested in these stocks was $1243 million. That figure was $226 million in RHI’s case. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is the most popular stock in this table. On the other hand Garmin Ltd. (NASDAQ:GRMN) is the least popular one with only 19 bullish hedge fund positions. Robert Half International Inc. (NYSE:RHI) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SPR might be a better candidate to consider a long position.