Is Kansas City Southern (KSU) A Good Stock To Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dumped their entire stakes in the stock during the third quarter. Intriguingly, Keith Meister’s Corvex Capital dumped the biggest stake of all the investors monitored by Insider Monkey, worth close to $55.4 million in stock. Alexander Mitchell’s fund, Scopus Asset Management, also sold off its stock, about $29.7 million worth.

Let’s go over hedge fund activity in other stocks similar to Kansas City Southern (NYSE:KSU). These stocks are Restaurant Brands International Inc (NYSE:QSR), LKQ Corporation (NASDAQ:LKQ), Discovery Communications Inc. (NASDAQ:DISCK), and Celanese Corporation (NYSE:CE). All of these stocks’ market caps are similar to KSU’s market cap.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $1227 million. That figure was $907 million in KSU’s case. Restaurant Brands International Inc (NYSE:QSR) is the most popular stock in this table. On the other hand Discovery Communications Inc. (NASDAQ:DISCK) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks Kansas City Southern (NYSE:KSU) 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.

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