How Do Hedge Funds Feel About AmeriGas Partners, L.P. (APU)?

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Moreover, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, assembled the most outsized position in AmeriGas Partners, L.P. (NYSE:APU). Arrowstreet Capital had $1 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks similar to AmeriGas Partners, L.P. (NYSE:APU). These stocks are Burlington Stores Inc (NYSE:BURL), Booz Allen Hamilton Holding Corporation (NYSE:BAH), Senior Housing Properties Trust (NYSE:SNH), and Oceaneering International (NYSE:OII). This group of stocks’ market valuations resemble APU’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BURL 39 771880 1
BAH 15 152198 -8
SNH 14 53242 -3
OII 28 183011 1

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $290 million. That figure was just $15 million in APU’s case. Burlington Stores Inc (NYSE:BURL) is the most popular stock in this table, while Senior Housing Properties Trust (NYSE:SNH) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks AmeriGas Partners, L.P. (NYSE:APU) is even less popular than SNH. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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