How Comstock Resources Inc (CRK) Stacks Up Against Its Peers?

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Now, some big names have been driving this bullishness. Avenue Capital established the biggest position in Comstock Resources Inc (NYSE:CRK) at the end of the quarter. Another fund with brand new CRK position is Senator Investment Group.

Let’s now review hedge fund activity in other stocks similar to Comstock Resources Inc (NYSE:CRK). We will take a look at Oncobiologics Inc (NASDAQ:ONS), magicJack VocalTec Ltd (NASDAQ:CALL), Ashford Inc (NYSEMKT:AINC), and Five Star Quality Care, Inc. (NYSE:FVE). All of these stocks’ market caps resemble CRK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ONS 7 28337 -1
CALL 6 5944 -2
AINC 4 10454 -1
FVE 8 15228 -1

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $15 million. That figure was $37 million in CRK’s case. Five Star Quality Care, Inc. (NYSE:FVE) is the most popular stock in this table. On the other hand Ashford Inc (NYSEMKT:AINC) is the least popular one with only 4 bullish hedge fund positions. Comstock Resources Inc (NYSE:CRK) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FVE might be a better candidate to consider taking a long position in.

Disclosure: None


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