Elite Investors are Gaining Confidence in Boise Cascade Co (BCC)

As aggregate interest increased, key money managers were leading the bulls’ herd. Adage Capital Management initiated the most valuable position in Boise Cascade Co (NYSE:BCC). Anand Parekh’s Alyeska Investment Group also initiated a $4.4 million position during the quarter. The other funds with brand new BCC positions are David Keidan’s Buckingham Capital Management, Renaissance Technologies, and Peter Muller’s PDT Partners.

Let’s now review hedge fund activity in other stocks similar to Boise Cascade Co (NYSE:BCC). These stocks are Semtech Corporation (NASDAQ:SMTC), II-VI, Inc. (NASDAQ:IIVI), BancFirst Corporation (NASDAQ:BANF), and Exterran Partners, L.P. (NASDAQ:EXLP). All of these stocks’ market caps are closest to BCC’s market cap.

As you can see these stocks had an average of 9.75 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $100 million in BCC’s case. II-VI, Inc. (NASDAQ:IIVI) is the most popular stock in this table. On the other hand BancFirst Corporation (NASDAQ:BANF) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Boise Cascade Co (NYSE:BCC) is more popular among hedge funds and has more money invested in it. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.