Is Black Box Corporation (BBOX) A Good Stock To Buy?

With a general bullishness amongst the heavyweights, specific money managers have jumped into Black Box Corporation (NASDAQ:BBOX) headfirst. Hutchin Hill Capital, led by Neil Chriss, created the biggest position in Black Box Corporation (NASDAQ:BBOX). Hutchin Hill Capital had $0.3 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.2 million position during the quarter.

Let’s go over hedge fund activity in other stocks similar to Black Box Corporation (NASDAQ:BBOX). We will take a look at DRDGOLD Ltd. (ADR) (NYSE:DRD), Lee Enterprises, Incorporated (NYSE:LEE), Pfenex Inc (NYSEMKT:PFNX), and EndoChoice Holdings Inc (NYSE:GI). All of these stocks’ market caps are closest to BBOX’s market cap.

As you can see these stocks had an average of eight funds with bullish positions and the average amount invested in these stocks was $13 million. That figure was $18 million in BBOX’s case. Lee Enterprises, Incorporated (NYSE:LEE) is the most popular stock in this table. On the other hand DRDGOLD Ltd. (ADR) (NYSE:DRD) is the least popular one with only six bullish hedge fund positions. Black Box Corporation (NASDAQ:BBOX) registers the same level of popularity as Lee Enterprises, which suggests that it may be a good idea to analyze this stock in more detail and potentially adding it to one’s portfolio.

Disclosure: none