MSCI Inc (MSCI): Are Hedge Funds Right About This Stock?

Now, key hedge funds were leading the bulls’ herd. Echo Street Capital Management, managed by Greg Poole, created the most valuable position in Msci Inc (NYSE:MSCI). The fund reportedly had $6.4 million invested in the company at the end of the quarter. Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners also initiated a $5.9 million position during the quarter. The other funds with new positions in the stock are Simon Sadler’s Segantii Capital, Paul Tudor Jones’s Tudor Investment Corp, and Jacob Gottlieb’s Visium Asset Management.

Let’s now review hedge fund activity in other stocks similar to Msci Inc (NYSE:MSCI). These stocks are American Capital Agency Corp. (NASDAQ:AGNC), Centene Corp (NYSE:CNC), Jones Lang LaSalle Inc (NYSE:JLL), and Omega Healthcare Investors Inc (NYSE:OHI). This group of stocks’ market values match MSCI’s market value.

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $385 million. That figure was $1.07 billion in MSCI’s case. Centene Corp (NYSE:CNC) is the most popular stock in this table, while Omega Healthcare Investors Inc (NYSE:OHI) is the least popular one with only 14 bullish hedge fund positions. Msci Inc (NYSE:MSCI) 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 are piling on. In this regard CNC might be a better candidate to consider a long position.