Is Delphi Automotive PLC (DLPH) A Good Stock To Buy?

With a general bullishness amongst the heavyweights, specific money managers were breaking ground themselves. Alyeska Investment Group, managed by Anand Parekh, assembled the biggest position in Delphi Automotive PLC (NYSE:DLPH), worth an estimated $12.5 million at the end of the quarter. Christopher A. Winham’s Tide Point Capital also made a $7.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Larry Foley and Paul Farrell’s Bronson Point Partners, John Overdeck and David Siegel’s Two Sigma Advisors, and Noam Gottesman’s GLG Partners.

Let’s check out hedge fund activity in other stocks similar to Delphi Automotive PLC (NYSE:DLPH). We will take a look at Dollar General Corp. (NYSE:DG), Baxalta Inc (NYSE:BXLT), Public Service Enterprise Group Inc. (NYSE:PEG), and Ryanair Holdings plc (ADR) (NASDAQ:RYAAY). This group of stocks’ market caps are similar to DLPH’s market cap.

As you can see these stocks had an average of 32 hedge funds with bullish positions and the average amount invested in these stocks was $787 million. That figure was $961 million in DLPH’s case. Dollar General Corp. (NYSE:DG) is the most popular stock in this table. On the other hand Public Service Enterprise Group Inc. (NYSE:PEG) is the least popular one with only 20 bullish hedge fund positions. Delphi Automotive PLC (NYSE:DLPH) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DG might be a better candidate to consider a long position.