Do Hedge Funds Love Mantech International Corp (MANT)?

As aggregate interest increased, specific money managers were leading the bulls’ herd. Coe Capital Management made a $4 million investment in the stock during the quarter. The other funds with new positions in the stock are Phill Gross and Robert Atchinson’s Adage Capital Management and Peter Muller’s PDT Partners.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Mantech International Corp (NASDAQ:MANT) but similarly valued. These stocks are Adecoagro SA (NYSE:AGRO), Hortonworks Inc (NASDAQ:HDP), Empire District Electric Company (NYSE:EDE), and Pan American Silver Corp. (USA) (NASDAQ:PAAS). All of these stocks’ market caps are similar to Mantech International Corp (NASDAQ:MANT)’s market cap.

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 $155 million, versus $49 million in Mantech International Corp (NASDAQ:MANT)’s case. Hortonworks Inc (NASDAQ:HDP) is the most popular stock in this table and, while Mantech International Corp (NASDAQ: MANT) is not the least popular stock in this group, the hedge fund interest towards it 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 Hortonworks Inc (NASDAQ:HDP) might be a better candidate to consider a long position.