Should You Avoid Benchmark Electronics, Inc. (BHE)?

We know that hedge funds generate robust, risk-adjusted returns over the long term, subsequently imitating the picks that they’re collectively bullish on generally is a worthwhile technique for retail buyers. With billions of in belongings, sensible cash buyers must conduct complicated analyses, spend many sources and use instruments that aren’t all the time accessible for the overall crowd. This doesn’t imply that they don’t have occasional colossal losses; they do (like Peltz’s latest General Electric losses). However, it’s nonetheless good thought to control hedge fund exercise. With this in thoughts, as the present spherical of 13F filings has simply ended, let’s study the sensible cash sentiment in direction of Benchmark Electronics, Inc. (NYSE:BHE).

Benchmark Electronics, Inc. (NYSE:BHE) shareholders have witnessed a lower in help from the world’s most elite cash managers these days. Our calculations additionally confirmed that BHE isn’t among the many 30 hottest shares amongst hedge funds.

Today there are tons of strategies inventory merchants put to make use of to guage their holdings. A few the much less utilized strategies are hedge fund and insider buying and selling sentiment. We have proven that, traditionally, those that observe the highest picks of the elite funding managers can outperform the broader indices by a really spectacular quantity (see the main points right here).

Let’s take a peek on the contemporary hedge fund motion relating to Benchmark Electronics, Inc. (NYSE:BHE).

How have hedgies been buying and selling Benchmark Electronics, Inc. (NYSE:BHE)?

At the tip of the third quarter, a complete of 13 of the hedge funds tracked by Insider Monkey had been bullish on this inventory, a change of -28% from one quarter earlier. By comparability, 18 hedge funds held shares or bullish name choices in BHE heading into this yr. With the sensible cash’s positions present process their normal ebb and circulate, there exists a choose group of noteworthy hedge fund managers who had been boosting their holdings significantly (or already amassed massive positions).

Should You Avoid Benchmark Electronics, Inc. (BHE)?

Among these funds, Engaged Capital held probably the most useful stake in Benchmark Electronics, Inc. (NYSE:BHE), which was value $53.1 million on the finish of the third quarter. On the second spot was Royce & Associates which amassed $36.7 million value of shares. Moreover, Renaissance Technologies, AQR Capital Management, and D E Shaw had been additionally bullish on Benchmark Electronics, Inc. (NYSE:BHE), allocating a big share of their portfolios to this inventory.

Judging by the truth that Benchmark Electronics, Inc. (NYSE:BHE) has skilled a decline in curiosity from hedge fund managers, logic holds that there have been just a few hedge funds that slashed their full holdings final quarter. Intriguingly, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors dropped the most important place of the “higher crust” of funds monitored by Insider Monkey, totaling near $three.eight million in inventory, and Noam Gottesman’s GLG Partners was proper behind this transfer, because the fund dropped about $1.7 million value. These transactions are intriguing to say the least, as complete hedge fund curiosity fell by 5 funds final quarter.

Let’s now check out hedge fund exercise in different shares – not essentially in the identical business as Benchmark Electronics, Inc. (NYSE:BHE) however equally valued. We will check out Chico’s FAS, Inc. (NYSE:CHS), Compass Diversified Holdings LLC (NYSE:CODI), FARO Technologies, Inc. (NASDAQ:FARO), and GasLog Partners LP (NYSE:GLOP). All of those shares’ market caps match BHE’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CHS 18 74700 -2
CODI four 6160 -1
FARO 12 58107 1
GLOP 5 23310 1
Average 9.75 40569 -Zero.25

View desk right here in the event you expertise formatting points.

As you’ll be able to see these shares had a median of 9.75 hedge funds with bullish positions and the typical quantity invested in these shares was $41 million. That determine was $138 million in BHE’s case. Chico’s FAS, Inc. (NYSE:CHS) is the most well-liked inventory on this desk. On the opposite hand Compass Diversified Holdings (NYSE:CODI) is the least well-liked one with solely four bullish hedge fund positions. Benchmark Electronics, Inc. (NYSE:BHE) will not be the most well-liked inventory on this group however hedge fund curiosity continues to be above common. This is a barely optimistic sign however we’d moderately spend our time researching shares that hedge funds are piling on. In this regard CHS could be a greater candidate to contemplate a protracted place.

Disclosure: None. This article was initially revealed at Insider Monkey.

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