Is World Fuel Services Corp (INT) A Good Stock To Buy?

Judging by the fact that World Fuel Services Corp (NYSE:INT) has experienced declining sentiment from the entirety of the hedge funds we track, we can see that there exists a select few money managers that elected to cut their full holdings by the end of the third quarter. Intriguingly, Ken Griffin’s Citadel Investment Group said goodbye to the largest stake of all the hedgies followed by Insider Monkey, valued at an estimated $0.5 million in stock. Joshua Packwood and Schuster Tanger’s fund, Radix Partners, also dropped its stock, about $0.4 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 3 funds by the end of the third quarter.

Let’s go over hedge fund activity in other stocks similar to World Fuel Services Corp (NYSE:INT). We will take a look at Kirby Corporation (NYSE:KEX), Seaboard Corporation (NYSEAMEX:SEB), AU Optronics Corp. (ADR) (NYSE:AUO), and Pitney Bowes Inc. (NYSE:PBI). This group of stocks’ market values are closest to INT’s market value.

As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $204 million. That figure was $114 million in INT’s case. Pitney Bowes Inc. (NYSE:PBI) is the most popular stock in this table. On the other hand Seaboard Corporation (NYSEAMEX:SEB) is the least popular one with only 10 bullish hedge fund positions. World Fuel Services Corp (NYSE:INT) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds with positive recent sentiment. In this regard PBI might be a better candidate to consider a long position in.

Disclosure: None