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How Loral Space & Communications Ltd. (LORL) Stacks Up Against Its Peers

As aggregate interest increased, some big names were breaking ground themselves. Nokomis Capital, managed by Brett Hendrickson, initiated the most valuable position in Loral Space & Communications Ltd. (NASDAQ:LORL). Nokomis Capital had $9 million invested in the company at the end of the quarter. David Brown’s Hawk Ridge Management also made a $4.6 million investment in the stock during the quarter. The other funds with brand new LORL positions are Adam Fox and Samuel Elder’s Altalis Capital Partners and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s check out hedge fund activity in other stocks similar to Loral Space & Communications Ltd. (NASDAQ:LORL). We will take a look at Adeptus Health Inc (NYSE:ADPT), Flow International Corporation (NASDAQ:FLOW), Etsy Inc (NASDAQ:ETSY), and Apollo Commercial Real Est. Finance Inc (NYSE:ARI). This group of stocks’ market valuations are closest to LORL’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ADPT 13 183864 -11
FLOW 17 132679 2
ETSY 21 339597 5
ARI 8 9166 0

As you can see these stocks had an average of 14.75 hedge funds with bullish positions and the average amount invested in these stocks was $166 million. That figure was $683 million in LORL’s case. Etsy Inc (NASDAQ:ETSY) is the most popular stock in this table. On the other hand Apollo Commercial Real Est. Finance Inc (NYSE:ARI) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Loral Space & Communications Ltd. (NASDAQ:LORL) 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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