InterXion Holding NV (INXN): Are Hedge Funds Right About This Stock?

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As aggregate interest increased, specific money managers were leading the bulls’ herd. Folger Hill Asset Management, managed by Solomon Kumin, established the most valuable call position in InterXion Holding NV (NYSE:INXN). Folger Hill Asset Management had $14.5 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $13.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Eduardo Abush’s Waterfront Capital Partners, John Croghan and Richard Fradin’s Rail-Splitter Capital Management, and Guru Ramakrishnan’s Meru Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as InterXion Holding NV (NYSE:INXN) but similarly valued. We will take a look at Nu Skin Enterprises, Inc. (NYSE:NUS), Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP), WPX Energy Inc (NYSE:WPX), and Associated Banc Corp (NYSE:ASB). This group of stocks’ market caps match INXN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NUS 23 213447 6
RHP 18 352245 0
WPX 33 676443 -7
ASB 12 122108 1

As you can see these stocks had an average of 21.5 hedge funds with bullish positions and the average amount invested in these stocks was $341 million. That figure was $923 million in INXN’s case. WPX Energy Inc (NYSE:WPX) is the most popular stock in this table. On the other hand Associated Banc Corp (NYSE:ASB) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks InterXion Holding NV (NYSE:INXN) 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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