Hedge Funds Are Snapping Up Hawaiian Telcom HoldCo Inc (HCOM)

Page 2 of 2

Consequently, key money managers were breaking ground themselves. Algert Coldiron Investors, managed by Peter Algert and Kevin Coldiron, established the most outsized position in Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM). Algert Coldiron Investors had $0.3 million invested in the company at the end of the quarter.

Let’s also examine hedge fund activity in other stocks similar to Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM). These stocks are Steel Excel Inc (NASDAQ:SXCL), W&T Offshore, Inc. (NYSE:WTI), Magnachip Semiconductor Corp (NYSE:MX), and Xactly Corp (NYSE:XTLY). All of these stocks’ market caps match Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SXCL 4 152736 3
WTI 8 20485 -7
MX 21 130318 2
XTLY 4 10923 -6

As you can see, these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $79 million, versus $26 million in Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM)’s case. Magnachip Semiconductor Corp (NYSE:MX) is the most popular stock in this table. On the other hand, Steel Excel Inc (NASDAQ:SXCL) is the least popular one with only 4 bullish hedge fund positions. Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM) 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, Magnachip Semiconductor Corp (NYSE:MX) might be a better candidate to consider a long position.

Page 2 of 2