Is BCE Inc. (USA) (BCE) Worthy of Your Portfolio?

Consequently, key money managers were breaking ground themselves. Michael Platt and William Reeves’ BlueCrest Capital Mgmt. established the biggest position in BCE Inc. (USA) (NYSE:BCE) which invested $7.8 million in the company at the end of the quarter. Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors also initiated a $1.1 million position during the quarter. The only other fund with a brand new BCE position is Robert B. Gillam’s McKinley Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to BCE Inc. (USA) (NYSE:BCE). We will take a look at Infosys Ltd ADR (NYSE:INFY), Bank of Montreal (USA) (NYSE:BMO), FedEx Corporation (NYSE:FDX), and PNC Financial Services (NYSE:PNC). This group of stocks’ market values resemble BCE’s market value.

As you can see these stocks had an average of 34 funds with bullish positions and the average amount invested in these stocks was $1.74 billion. That figure was just $190 million in BCE’s case. PNC Financial Services (NYSE:PNC) is the most popular stock in this table. On the other hand Bank of Montreal (USA) (NYSE:BMO) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks BCE Inc. (USA) (NYSE:BCE) is even less popular than Bank of Montreal (USA) (NYSE:BMO). 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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