United Continental Holdings Inc (UAL): Hedge Fund Sentiment Points to Friendlier Skies in 2016

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Let’s go over hedge fund activity in other stocks similar to United Continental Holdings Inc (NYSE:UAL). We will take a look at Electronic Arts Inc. (NASDAQ:EA), AmerisourceBergen Corp. (NYSE:ABC), HP Inc. (NYSE:HPQ), and Sirius XM Radio Inc (NASDAQ:SIRI). This group of stocks’ market values are closest to UAL’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
EA 57 2263518 6
ABC 37 1265605 -1
HPQ 40 874393 -19
SIRI 32 1318944 -3

As you can see these stocks had an average of 42 hedge funds with bullish positions and the average amount invested in these stocks was $1.43 billion. That figure was $3.54 billion in UAL’s case. Electronic Arts Inc. (NASDAQ:EA) is the most popular stock in this table. On the other hand Sirius XM Radio Inc (NASDAQ:SIRI) is the least popular one with only 32 bullish hedge fund positions. Compared to these stocks United Continental Holdings Inc (NYSE:UAL) is more popular among hedge funds nd has far more money invested in it. Considering that hedge funds are fond of this stock in relation to its market cap peers and that sentiment was on the upswing heading into this year, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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