Unisys Corporation (UIS): Are Hedge Funds Right About This Stock?

As industrywide interest jumped, specific money managers were breaking ground themselves. Laurion Capital Management, led by Benjamin A. Smith, created the largest call position in Unisys Corporation (NYSE:UIS). Laurion Capital Management had $3.2 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $1.4 million position during the quarter. The other funds with new positions in the stock are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Ken Griffin’s Citadel Investment Group, and John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Unisys Corporation (NYSE:UIS) but similarly valued. We will take a look at Kimball International Inc (NASDAQ:KBAL), LivePerson, Inc. (NASDAQ:LPSN), Sunedison Semiconductor Ltd (NASDAQ:SEMI), and MYR Group Inc (NASDAQ:MYRG). This group of stocks’ market valuations match UIS’s market valuation.

As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $78 million. That figure was $71 million in UIS’s case. Sunedison Semiconductor Ltd (NASDAQ:SEMI) is the most popular stock in this table. On the other hand Kimball International Inc (NASDAQ:KBAL) is the least popular one with only 9 bullish hedge fund positions. Unisys Corporation (NYSE:UIS) 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 SEMI might be a better candidate to consider taking a long position in.

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Disclosure: None