Is First Hawaiian Inc (FHB) Worthy of Your Portfolio?

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Let’s now review hedge fund activity in other stocks similar to First Hawaiian Inc (NASDAQ:FHB). We will take a look at Endesa Americas SA – ADR(NYSE:EOCA), Tanger Factory Outlet Centers Inc. (NYSE:SKT), Teledyne Technologies Incorporated (NYSE:TDY), and Ritchie Bros. Auctioneers (USA) (NYSE:RBA). All of these stocks’ market caps resemble FHB’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
EOCA 4 5652 -3
SKT 10 138018 -4
TDY 13 125132 3
RBA 16 183842 5

As you can see these stocks had an average of 11 funds with bullish positions and the average amount invested in these stocks was $113 million, versus $93 million in FHB’s case. Ritchie Bros. Auctioneers (USA) (NYSE:RBA) is the most popular stock in this table. On the other hand Endesa Americas SA – ADR(NYSE:EOCA) is the least popular one with only four bullish hedge fund positions. First Hawaiian Inc (NASDAQ:FHB) 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 Ritchie Bros. Auctioneers (USA) (NYSE:RBA) might be a better candidate to consider taking a long position in.

Disclosure: none

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