Is Host Hotels And Resorts Inc (HST) Worthy of Your Portfolio?

Now, key money managers have been driving this bullishness. Clinton Group, led by George Hall, created the largest position in Host Hotels and Resorts Inc (NYSE:HST). Clinton Group had $15.7 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made a $10.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Benjamin A. Smith’s Laurion Capital Management, Ken Griffin’s Citadel Investment Group, and Matthew Tewksbury’s Stevens Capital Management.

Let’s go over hedge fund activity in other stocks similar to Host Hotels and Resorts Inc (NYSE:HST). These stocks are Skyworks Solutions Inc (NASDAQ:SWKS), Vodafone Group Plc (ADR) (NASDAQ:VOD), Cabot Oil & Gas Corporation (NYSE:COG), and Agnico-Eagle Mines Limited (USA) (NYSE:AEM). This group of stocks’ market valuations resemble HST’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SWKS 32 457924 -1
VOD 18 445786 -4
COG 35 1797666 -1
AEM 25 500237 -4

As you can see these stocks had an average of 28 funds with bullish positions and the average amount invested in these stocks was $800 million. That figure was $228 million in HST’s case. Cabot Oil & Gas Corporation (NYSE:COG) is the most popular stock in this table. On the other hand Vodafone Group Plc (ADR) (NASDAQ:VOD) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Host Hotels and Resorts Inc (NYSE:HST) is even less popular than Vodafone Group Plc (ADR) (NASDAQ:VOD). 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. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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Disclosure: None