Should You Add Weatherford International Plc (WFT) to Your Portfolio?

On the other hand there were also a number of funds that decided to close their entire stakes in Weatherford International during the third quarter. Stuart J. Zimmer’s Zimmer Partners sold off the biggest investment of the 700 funds monitored by Insider Monkey, totaling about $33.3 million in call options. Kenneth Tropin’s fund, Graham Capital Management, also sold off its call options, about $8.3 million worth.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Weatherford International Plc (NYSE:WFT) but similarly valued. We will take a look at First Solar, Inc. (NASDAQ:FSLR), Keysight Technologies Inc (NYSE:KEYS), Sun Communities Inc (NYSE:SUI), and Senior Housing Properties Trust (NYSE:SNH). This group of stocks’ market valuations are similar to WFT’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FSLR 23 245591 -7
KEYS 14 144383 -1
SUI 17 236373 -5
SNH 13 83107 -3

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $177 million, which is lower than the $588 million figure in WFT’s case. First Solar, Inc. (NASDAQ:FSLR) is the most popular stock in this table. On the other hand Senior Housing Properties Trust (NYSE:SNH) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Weatherford International Plc (NYSE:WFT) 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.