Is Macquarie Infrastructure Company LLC (MIC) A Good Stock To Buy?

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Let’s go over hedge fund activity in other stocks similar to Macquarie Infrastructure Company LLC (NYSE:MIC). We will take a look at Helmerich & Payne, Inc. (NYSE:HP), Carlisle Companies, Inc. (NYSE:CSL), VimpelCom Ltd (ADR) (NYSE:VIP), and Plains GP Holdings LP (NYSE:PAGP). This group of stocks’ market caps matches MIC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HP 26 305709 -1
CSL 24 309858 1
VIP 17 108739 5
PAGP 22 283662 -5

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $252 million. That figure was $1.33 billion in MIC’s case. Helmerich & Payne, Inc. (NYSE:HP) is the most popular stock in this table. On the other hand VimpelCom Ltd (ADR) (NYSE:VIP) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks Macquarie Infrastructure Company LLC (NYSE:MIC) 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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