Here is What Hedge Funds Think About BMC Stock Holdings Inc (BMCH)

As one would reasonably expect, specific money managers have been driving this bullishness. Marshall Wace LLP, led by Paul Marshall and Ian Wace, assembled the most valuable position in BMC Stock Holdings Inc (NASDAQ:BMCH). Marshall Wace LLP had $7.7 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $3.1 million position during the quarter. The following funds were also among the new BMCH investors: Leon Cooperman’s Omega Advisors, David Rodriguez-Fraile’s BlueMar Capital Management, and John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s also examine hedge fund activity in other stocks similar to BMC Stock Holdings Inc (NASDAQ:BMCH). These stocks are RMR Group Inc(NASDAQ:RMR), GasLog Ltd (NYSE:GLOG), Atkore International Group Inc(NYSE:ATKR), and Agree Realty Corporation (NYSE:ADC). This group of stocks’ market values match BMCH’s market value.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $52 million. That figure was $240 million in BMCH’s case. Agree Realty Corporation (NYSE:ADC) is the most popular stock in this table. On the other hand GasLog Ltd (NYSE:GLOG) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks BMC Stock Holdings Inc (NASDAQ:BMCH) is more popular among hedge funds. 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.

Disclosure: None