Should You Add Booz Allen Hamilton Holding Corporation (BAH) to Your Portfolio?

Judging by the fact that Booz Allen Hamilton Holding Corporation (NYSE:BAH) has gone through declining sentiment from the smart money, we can see that there exists a select few hedgies who were dropping their entire stakes by the end of the third quarter. Intriguingly, Joel Greenblatt’s Gotham Asset Management dumped the biggest investment of all the investors tracked by Insider Monkey, valued at an estimated $3.8 million in stock, and Robert B. Gillam’s McKinley Capital Management was right behind this move, as the fund said goodbye to about $3.6 million worth of shares.

Let’s now review hedge fund activity in other stocks similar to Booz Allen Hamilton Holding Corporation (NYSE:BAH). We will take a look at Edgewell Personal Care Company (NYSE:EPC), Tegna Inc (NYSE:TGNA), QEP Resources Inc (NYSE:QEP), and Gerdau SA (ADR) (NYSE:GGB). This group of stocks’ market valuations are closest to BAH’s market valuation.

As you can see these stocks had an average of 22 funds with bullish positions and the average amount invested in these stocks was $418 million. That figure was $290 million in BAH’s case. QEP Resources Inc (NYSE:QEP) is the most popular stock in this table. On the other hand Gerdau SA (ADR) (NYSE:GGB) is the least popular one with only 11 bullish hedge fund positions. Booz Allen Hamilton Holding Corporation (NYSE:BAH) 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 QEP Resources Inc (NYSE:QEP) might be a better candidate to consider taking a long position in.

Disclosure: none