Here’s What Smart Money Think about Jones Energy Inc (JONE)

Due to the fact that Jones Energy Inc (NYSE:JONE) has weathered declining sentiment from the aggregate hedge fund industry, it’s safe to say that there lies a certain “tier” of hedge funds that elected to cut their full holdings in the third quarter. Intriguingly, Geoffrey Raynor’s Q Investments (Specter Holdings) dumped the biggest investment of all the hedgies monitored by Insider Monkey, valued at an estimated $1.1 million in stock, and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners was right behind this move, as the fund dropped about $0.1 million worth of shares.

Let’s also examine hedge fund activity in other stocks similar to Jones Energy Inc (NYSE:JONE). These stocks are INVUITY INC COM USD0.001 (NASDAQ:IVTY), Alico, Inc. (NASDAQ:ALCO), Nathan’s Famous, Inc. (NASDAQ:NATH), and Cascadian Therapeutics Inc (USA) (NASDAQ:CASC). This group of stocks’ market values are similar to JONE’s market value.

As you can see these stocks had an average of eight funds with bullish positions and the average amount invested in these stocks was $50 million. That figure was $24 million in JONE’s case. INVUITY INC COM USD0.001 (NASDAQ:IVTY) and Cascadian Therapeutics Inc (USA) (NASDAQ:CASC) are the most popular stocks in this table. On the other hand Nathan’s Famous, Inc. (NASDAQ:NATH) is the least popular one with only five bullish hedge fund positions. Compared to these stocks Jones Energy Inc (NYSE:JONE) 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.

Disclosure: none