Is Ryanair Holdings PLC (ADR) (RYAAY) Going To Burn These Hedge Funds?

As one would reasonably expect, some big names were leading the bulls’ herd. Valinor Management LLC, managed by David Gallo, created the largest position in Ryanair Holdings plc (ADR) (NASDAQ:RYAAY). The fund reportedly had $32.1 million invested in the company at the end of the quarter. Nick Niell’s Arrowgrass Capital Partners also made a $17.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Andy Redleaf’s Whitebox Advisors, Simon Sadler’s Segantii Capital, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) but similarly valued. We will take a look at Brookfield Infrastructure Partners L.P. (NYSE:BIP), Range Resources Corp. (NYSE:RRC), AMERCO (NASDAQ:UHAL), and Cadence Design Systems Inc (NASDAQ:CDNS). This group of stocks’ market valuations match RYAAY’s market valuation.

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $548 million. That figure was $475 million in RYAAY’s case. Range Resources Corp. (NYSE:RRC) is the most popular stock in this table. On the other hand Brookfield Infrastructure Partners L.P. (NYSE:BIP) is the least popular one with only 6 bullish hedge fund positions. Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RRC might be a better candidate to consider a long position.

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