Rush Enterprises, Inc. (RUSHA): Are Hedge Funds Right About This Stock?

As industrywide interest jumped, key money managers were breaking ground themselves. Citadel Investment Group, led by Ken Griffin, created the biggest position in Rush Enterprises, Inc. (NASDAQ:RUSHA). Citadel Investment Group had $0.5 million invested in the company at the end of the quarter. Clinton Group also made a $0.2 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Rush Enterprises, Inc. (NASDAQ:RUSHA) but similarly valued. We will take a look at Windstream Corporation (NASDAQ:WIN), Employers Holdings, Inc. (NYSE:EIG), Meritor Inc (NYSE:MTOR), and Monmouth R.E. Inv. Corp. (NYSE:MNR). This group of stocks’ market values match RUSHA’s market value.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $102 million. That figure was $77 million in RUSHA’s case. Meritor Inc (NYSE:MTOR) is the most popular stock in this table. On the other hand Monmouth R.E. Inv. Corp. (NYSE:MNR) is the least popular one with only 9 bullish hedge fund positions. Rush Enterprises, Inc. (NASDAQ:RUSHA) 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 MTOR might be a better candidate to consider taking a long position in.