Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About XPO Logistics Inc (XPO)

Consequently, key hedge funds have been driving this bullishness. Luminus Management, managed by Jonathan Barrett and Paul Segal, assembled the most valuable position in XPO Logistics Inc (NYSE:XPO). Luminus Management had $34.6 million invested in the company at the end of the quarter. Bart Baum’s Ionic Capital Management also initiated a $21.2 million position during the quarter. The other funds with brand new XPO positions are Mike Masters’ Masters Capital Management, George Soros’ Soros Fund Management, and Israel Englander’s Millennium Management.

Let’s check out hedge fund activity in other stocks similar to XPO Logistics Inc (NYSE:XPO). We will take a look at Convergys Corporation (NYSE:CVG), F.N.B. Corp (NYSE:FNB), Sunedison Inc (NYSE:SUNE), and Chemed Corporation (NYSE:CHE). This group of stocks’ market valuations are similar to XPO’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CVG 20 147888 2
FNB 12 57118 3
SUNE 73 1056855 -20
CHE 14 190086 3

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $363 million, compared to $867 million in XPO’s case. Sunedison Inc (NYSE:SUNE) is the most popular stock in this table. On the other hand F.N.B. Corp (NYSE:FNB) is the least popular one with only 12 bullish hedge fund positions. XPO Logistics Inc (NYSE:XPO) 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 SUNE might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.