Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Investors Not Convinced That It’s Time To Buy Dominion Midstream Partners LP (DM)

Now, key hedge funds have jumped into Dominion Midstream Partners LP (NYSE:DM) headfirst. Marshall Wace LLP assembled the most valuable position in Dominion Midstream Partners LP (NYSE:DM). Marshall Wace LLP had $0.8 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.1 million position during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Dominion Midstream Partners LP (NYSE:DM). These stocks are Masonite International Corp (NYSE:DOOR), Copa Holdings, S.A. (NYSE:CPA), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), and Ambarella Inc (NASDAQ:AMBA). This group of stocks’ market valuations are closest to Dominion Midstream Partners LP’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DOOR 28 553480 1
CPA 14 164856 -4
CLMT 8 22180 0
AMBA 27 324322 1

As you can see these stocks had an average of 19.25 hedge funds with bullish positions and the average amount invested in these stocks was $266 million. That figure was just $13 million in Dominion Midstream Partners LP’s case. Masonite International Corp (NYSE:DOOR) is the most popular stock in this table. On the other hand Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Dominion Midstream Partners LP (NYSE:DM) is even less popular than Calumet. 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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...