Do you think it's time to invest in European companies? If so, here are some ideas to get you started.
We ran a screen on European companies trading on the US exchanges, for those seeing the most significant net institutional purchases over the current quarter. Institutional investors, such as hedge fund managers and mutual fund managers, are generally considered "smart money" investors because of their experience and access to sophisticated research.
We screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.
Do you think these stocks will outperform like hedge funds expect? Use this list as a starting point for your own analysis.
1. ASML Holding NV (NASDAQ:ASML): Engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. Market cap at $27.47B, most recent closing price at $65.42. Net institutional purchases in the current quarter at 16.0M shares, which represents about 5.03% of the company's float of 317.93M shares. The 2 top holders of the stock are Capital World Advisors, and JP Morgan Chase.
2. Capital Product Partners L.P. (NASDAQ:CPLP): Provides seaborne transportation of refined oil products and chemicals. Market cap at $566.98M, most recent closing price at $7.69. Net institutional purchases in the current quarter at 2.7M shares, which represents about 8.18% of the company's float of 33.00M shares. The 2 top holders of the stock are Cushing MLP Asset Management, and TWO Sigma Advisors.
3. Interxion Holding NV (NYSE:INXN): Provides carrier-neutral colocation data center services in Europe. Market cap at $1.57B, most recent closing price at $23.50. Net institutional purchases in the current quarter at 3.2M shares, which represents about 8.% of the company's float of 39.98M shares. The 2 top holders of the stock are D.E. Shaw, and Eminence Capital.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Business relationship disclosure: Business relationship disclosure: Kapitall is a team of analysts. This article was written by Sabina Bhatia, one of our writers. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.