American Campus Communities, Inc. (ACC): Hedge Fund Sentiment Unchanged

Since American Campus Communities, Inc. (NYSE:ACC) has experienced no change in sentiment from the smart money, it’s important to note a few hedgies who sold off their full holdings in the third quarter. Intriguingly, Paul Marshall and Ian Wace’s Marshall Wace LLP cut the largest investment of the 700 funds studied by Insider Monkey, valued at an estimated $0.3 million in stock. Michael Platt and William Reeves’s fund, BlueCrest Capital Mgmt., also sold off its stock, about $0.2 million worth of ACC shares.

Let’s now review hedge fund activity in other stocks similar to American Campus Communities, Inc. (NYSE:ACC). We will take a look at NetApp Inc. (NASDAQ:NTAP), Jack Henry & Associates, Inc. (NASDAQ:JKHY), Computer Sciences Corporation (NYSE:CSC), and CPFL Energia S.A. (ADR) (NYSE:CPL). All of these stocks’ market caps match ACC’s market cap.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $597 million. That figure was $141 million in ACC’s case. Computer Sciences Corporation (NYSE:CSC) is the most popular stock in this table. On the other hand CPFL Energia S.A. (ADR) (NYSE:CPL) is the least popular one with only 5 bullish hedge fund positions. American Campus Communities, Inc. (NYSE:ACC) 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 CSC might be a better candidate to consider taking a long position in.

Disclosure: none.