Should You Avoid Dana Inc (DAN)?

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Is Dana Inc (NYSE:DAN) a healthy stock for your portfolio? Prominent investors are in a bearish mood. The number of long hedge fund positions fell by 1 in recent months. DAN was in 26 hedge funds’ portfolios at the end of September. There were 27 hedge funds in our database with DAN holdings at the end of the previous quarter. 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 DineEquity Inc (NYSE:DIN), Eaton Vance Ltd Duration Income Fund (NYSEMKT:EVV), and Semtech Corporation (NASDAQ:SMTC) to gather more data points.

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With all of this in mind, let’s view the key action encompassing Dana Inc (NYSE:DAN).

What does the smart money think about Dana Inc (NYSE:DAN)?

Heading into the fourth quarter of 2016, a total of 26 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 4% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were upping their stakes considerably (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Mario Gabelli’s GAMCO Investors has the largest position in Dana Inc (NYSE:DAN), worth close to $85 million, comprising 0.6% of its total 13F portfolio. Sitting at the No. 2 spot is Richard S. Pzena of Pzena Investment Management, with a $71.3 million position; 0.4% of its 13F portfolio is allocated to the company. Other peers that hold long positions include Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC, Cliff Asness’s AQR Capital Management and Steve Cohen’s Point72 Asset Management.