What This Metric Says about Brixmor Property Group Inc (BRX)

We already know that not all hedge funds are bullish on the stock and some hedge funds actually sold off their positions entirely. It’s worth mentioning that Paul Marshall and Ian Wace’s Marshall Wace LLP sold off the biggest stake of the 700 funds studied by Insider Monkey, comprising close to $46.6 million in stock. George Hall’s fund, Clinton Group, also sold off its stock, worthy about $8.9 million.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Brixmor Property Group Inc (NYSE:BRX) but similarly valued. We will take a look at Huntington Ingalls Industries Inc (NYSE:HII), Rite Aid Corporation (NYSE:RAD), Varian Medical Systems, Inc. (NYSE:VAR), and Quintiles Transnational Holdings Inc (NYSE:Q). All of these stocks’ market caps resemble BRX’s market cap.

As you can see these stocks had an average of 34 funds with bullish positions and the average amount invested in these stocks was $836 million. That figure was $166 million in BRX’s case. Rite Aid Corporation (NYSE:RAD) is the most popular stock in this table. On the other hand, Varian Medical Systems, Inc. (NYSE:VAR) is the least popular one with only 15 bullish hedge fund positions. Brixmor Property Group Inc (NYSE:BRX) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Rite Aid Corporation (NYSE:RAD) might be a better candidate to consider taking a long position in.