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Published on 17 Dec 2021 on Insider Monkey via Yahoo Finance

Here is What Hedge Funds Think About American Water Works Company, Inc. (AWK)


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In this article we will take a look at whether hedge funds think American Water Works Company, Inc. (NYSE:AWK) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.

American Water Works Company, Inc. (NYSE:AWK) was in 28 hedge funds' portfolios at the end of the third quarter of 2021. The all time high for this statistic is 40. AWK has seen a decrease in hedge fund sentiment lately. There were 30 hedge funds in our database with AWK holdings at the end of June. Our calculations also showed that AWK isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Now we're going to analyze the new hedge fund action surrounding American Water Works Company, Inc. (NYSE:AWK).

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