As industrywide interest jumped, specific money managers were breaking ground themselves. Glenn Russell Dubin’s Highbridge Capital Managemen assembled the most outsized position in Air Transport Services Group Inc. (NASDAQ:ATSG). Highbridge Capital Management had $0.3 million invested in the company at the end of the quarter. Paul Tudor Jones’ Tudor Investment Corp also made a $0.2 million investment in the stock during the quarter. The following funds were also among the new ATSG investors: Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital and Robert B. Gillam’s McKinley Capital Management.
Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Air Transport Services Group Inc. (NASDAQ:ATSG) but similarly valued. We will take a look at Universal Health Realty Income Trust (NYSE:UHT), Caretrus REIT Inc (NASDAQ:CTRE), Amphastar Pharmaceuticals Inc (NASDAQ:AMPH), and Sonic Automotive Inc (NYSE:SAH). This group of stocks’ market valuations match ATSG’s market valuation.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| UHT | 5 | 20523 | 0 |
| CTRE | 10 | 47879 | 0 |
| AMPH | 10 | 12522 | 0 |
| SAH | 13 | 38493 | 3 |
As you can see these stocks had an average of 10 funds with bullish positions and the average amount invested in these stocks was $30 million, lower than the $258 million figure in ATSG’s case. Sonic Automotive Inc (NYSE:SAH) is the most popular stock in this table. On the other hand Universal Health Realty Income Trust (NYSE:UHT) is the least popular one with only five funds holding shares. Compared to these stocks Air Transport Services Group Inc. (NASDAQ:ATSG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.
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