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

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Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dropped their entire stakes in the stock during the third quarter. Intriguingly, Brian C. Freckmann’s Lyon Street Capital dropped the biggest stake of all the hedgies studied by Insider Monkey, worth an estimated $1 million in stock. Richard Driehaus’ fund, Driehaus Capital, also cut its stock, about $0.5 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Bill Barrett Corporation (NYSE:BBG) but similarly valued. These stocks are Cloud Peak Energy Inc. (NYSE:CLD), PennyMac Mortgage Investment Trust (NASDAQ:PMTS), Tucows Inc. (USA) (NYSEAMEX:TCX), and Western Ast Clymr Infl Lkd Sc & Incm Fd (NYSE:WIA). This group of stocks’ market caps are similar to BBG’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CLD 13 43065 5
PMTS 12 14578 3
TCX 6 47342 0
WIA 4 1716 4

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $27 million. That figure was $88 million in BBG’s case. Cloud Peak Energy Inc. (NYSE:CLD) is the most popular stock in this table. On the other hand Western Ast Clymr Infl Lkd Sc & Incm Fd (NYSE:WIA) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Bill Barrett Corporation (NYSE:BBG) 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

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