Is EP Energy Corp (EPE) a Good Stock to Invest in?

As aggregate interest increased, key money managers were breaking ground themselves. Clinton Group, led by George Hall, initiated the most outsized position in EP Energy Corp (NYSE:EPE). Clinton Group had $0.4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $0.2 million investment in the stock during the quarter. The following funds were also among the new EPE investors: Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners, Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital, and Joel Greenblatt’s Gotham Asset Management.

Let’s go over hedge fund activity in other stocks similar to EP Energy Corp (NYSE:EPE). These stocks are United Community Banks Inc (NASDAQ:UCBI), TASER International, Inc. (NASDAQ:TASR), CSG Systems International, Inc. (NASDAQ:CSGS), and 8×8, Inc. (NASDAQ:EGHT). This group of stocks’ market caps resemble EPE’s market cap.

As you can see these stocks had an average of 15 funds with long positions and the average amount invested in these stocks was $119 million. That figure was just $18 million in EPE’s case. 8×8, Inc. (NASDAQ:EGHT) is the most popular stock in this table. On the other hand United Community Banks Inc (NASDAQ:UCBI) is the least popular one with only 12 bullish hedge fund positions. EP Energy Corp (NYSE:EPE) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard 8×8, Inc. (NASDAQ:EGHT) might be a better candidate to consider taking a long position in.

Disclosure: None