Is Ingredion Inc (INGR) A Good Stock To Buy?

As industrywide interest jumped, key money managers were leading the bulls’ herd. Balyasny Asset Management, managed by Dmitry Balyasny, created the largest position in Ingredion Inc (NYSE:INGR). Balyasny Asset Management had $25.6 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $5 million position during the quarter. The following funds were also among the new INGR investors: Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Ingredion Inc (NYSE:INGR) but similarly valued. These stocks are NVR, Inc. (NYSE:NVR), TECO Energy, Inc. (NYSE:TE), Qihoo 360 Technology Co Ltd (NYSE:QIHU), and Mid America Apartment Communities Inc (NYSE:MAA). All of these stocks’ market caps are similar to INGR’s market cap.

As you can see these stocks had an average of 19.5 hedge funds with bullish positions and the average amount invested in these stocks was $375 million. That figure was $203 million in INGR’s case. NVR, Inc. (NYSE:NVR) is the most popular stock in this table. On the other hand Mid America Apartment Communities Inc (NYSE:MAA) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Ingredion Inc (NYSE:INGR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.