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Superior Industries International Inc. (SUP): Does It Stack Up To Its Peers?

Judging by the fact that Superior Industries International Inc. (NYSE:SUP) has faced falling interest from the aggregate hedge fund industry, logic holds that there is a sect of fund managers who sold off their full holdings by the end of the third quarter. It’s worth mentioning that Ken Griffin’s Citadel Investment Group dumped the biggest investment of the “upper crust” of funds monitored by Insider Monkey, totaling close to $1.2 million in stock. Paul Tudor Jones’ fund, Tudor Investment Corp, also cut its stock, about $0.4 million worth.

Let’s now review hedge fund activity in other stocks similar to Superior Industries International Inc. (NYSE:SUP). We will take a look at S.Y. Bancorp, Inc. (NASDAQ:SYBT), Overseas Shipholding Group, Inc. Class A (NYSE:OSG), ZIOPHARM Oncology Inc. (NASDAQ:ZIOP), and PBF Logistics LP (NYSE:PBFX). This group of stocks’ market valuations match SUP’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SYBT 5 1786 5
OSG 20 121174 5
ZIOP 7 22444 -4
PBFX 4 6370 0

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $89 million in SUP’s case. Overseas Shipholding Group, Inc. Class A (NYSE:OSG) is the most popular stock in this table. On the other hand PBF Logistics LP (NYSE:PBFX) is the least popular one with only 4 bullish hedge fund positions. Superior Industries International Inc. (NYSE:SUP) 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 OSG might be a better candidate to consider taking a long position in.

Disclosure: None

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