Is BBVA Banco Frances S.A. (ADR) (BFR) A Good Stock To Buy?

Consequently, key hedge funds were leading the bulls’ herd. Ellington, led by Mike Vranos, assembled the most outsized position in BBVA Banco Frances S.A. (ADR) (NYSE:BFR). Ellington had $0.4 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $0.2 million investment in the stock during the quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as BBVA Banco Frances S.A. (ADR) (NYSE:BFR) but similarly valued. These stocks are Gulfport Energy Corporation (NASDAQ:GPOR), Post Properties Inc (NYSE:PPS), NRG Energy Inc (NYSE:NRG), and First Horizon National Corporation (NYSE:FHN). All of these stocks’ market caps resemble BFR’s market cap.

As you can see these stocks had an average of 23.75 hedge funds with bullish positions and the average amount invested in these stocks was $421 million. That figure was $53 million in BFR’s case. Gulfport Energy Corporation (NASDAQ:GPOR) is the most popular stock in this table. On the other hand Post Properties Inc (NYSE:PPS) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks BBVA Banco Frances S.A. (ADR) (NYSE:BFR) is even less popular than PPS. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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