How Bill Barrett Corporation (BBG) Stacks Up Against Its Peers

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Bill Barrett Corporation (NYSE:BBG) shares didn’t see a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 19 hedge funds’ portfolios at the end of September. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Cloud Peak Energy Inc. (NYSE:CLD), PennyMac Mortgage Investment Trust (NASDAQ:PMTS), and Tucows Inc. (USA) (NYSEAMEX:TCX) to gather more data points.

Follow Bill Barrett Corp (NYSE:BBG)

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What have hedge funds been doing with Bill Barrett Corporation (NYSE:BBG)?

At the end of the third quarter, a total of 19 of the hedge funds tracked by Insider Monkey were bullish on this stock, same as in the previous quarter. By comparison, 15 hedge funds held shares or bullish call options in BBG heading into this year. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

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According to Insider Monkey’s hedge fund database, Ross Margolies’s Stelliam Investment Management has the largest position in Bill Barrett Corporation (NYSE:BBG), worth close to $36.1 million, amounting to 1.2% of its total 13F portfolio. On Stelliam Investment Management’s heels is Renaissance Technologies, one of the largest hedge funds in the world, which holds a $11.4 million position. Other professional money managers that are bullish encompass Vince Maddi and Shawn Brennan’s SIR Capital Management, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners and Israel Englander’s Millennium Management. We should note that two of these hedge funds (SIR Capital Management and GRT Capital Partners) are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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