Smart Money Is Getting Out Of Humana Inc (HUM) In A Hurry

Since Humana Inc (NYSE:HUM) has witnessed falling interest from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of hedgies that decided to sell off their entire stakes last quarter. It’s worth mentioning that James Dinan’s York Capital Management sold off the largest investment of all the hedgies followed by Insider Monkey, comprising an estimated $262.5 million of call options underlying Humana shares. This is important to note, as aggregate hedge fund interest was cut by 28 funds last quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Humana Inc (NYSE:HUM) but similarly valued. These stocks are CSX Corporation (NYSE:CSX), Crown Castle International Corp. (NYSE:CCI), Korea Electric Power Corporation (ADR) (NYSE:KEP), and L Brands Inc (NYSE:LB). This group of stocks’ market values are similar to HUM’s market value.

As you can see these stocks had an average of 33.25 hedge funds with bullish positions and the average amount invested in these stocks was $1.38 billion. That figure was $4.29 billion in HUM’s case. CSX Corporation (NYSE:CSX) is the most popular stock in this table. On the other hand Korea Electric Power Corporation (ADR) (NYSE:KEP) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Humana Inc (NYSE:HUM) 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, bearing in mind that ownership took a steep fall last quarter.