What do Hedge Funds Think of ONE Gas Inc (OGS)?

We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of ONE Gas Inc (NYSE:OGS) based on that data.

Is ONE Gas Inc (NYSE:OGS) a buy right now? The smart money is buying. The number of long hedge fund bets improved by 3 recently. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Momo Inc (ADR) (NASDAQ:MOMO), Weibo Corp (ADR) (NASDAQ:WB), and Diamond Offshore Drilling Inc (NYSE:DO) to gather more data points.

At the moment there are plenty of metrics stock traders use to appraise publicly traded companies. A pair of the most underrated metrics are hedge fund and insider trading indicators. Our experts have shown that, historically, those who follow the best picks of the elite hedge fund managers can outclass the broader indices by a superb amount (see the details here).

With all of this in mind, we’re going to take a peek at the latest action encompassing ONE Gas Inc (NYSE:OGS).

What does the smart money think about ONE Gas Inc (NYSE:OGS)?

At Q3’s end, a total of 12 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 33% from the second quarter. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Phill Gross and Robert Atchinson’s Adage Capital Management has the most valuable position in ONE Gas Inc (NYSE:OGS), worth close to $18.1 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is D E Shaw, managed by D. E. Shaw, which holds a $7.9 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Other professional money managers with similar optimism consist of Cliff Asness’s AQR Capital Management, Joel Greenblatt’s Gotham Asset Management and Mario Gabelli’s GAMCO Investors.