Is CACI International Inc (CACI) A Good Stock To Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. Intriguingly, Matthew Hulsizer’s PEAK6 Capital Management got rid of the largest stake of all the investors tracked by Insider Monkey, comprising about $1 million in call options, and Ken Griffin’s Citadel Investment Group was right behind this move, as the fund said goodbye to about $0.9 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as CACI International Inc (NYSE:CACI) but similarly valued. We will take a look at HB Fuller Co (NYSE:FUL), Copa Holdings, S.A. (NYSE:CPA), U.S. Silica Holdings Inc (NYSE:SLCA), and Cousins Properties Inc (NYSE:CUZ). This group of stocks’ market valuations are closest to CACI’s market valuation.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $285 million. That figure was $62 million in CACI’s case. U.S. Silica Holdings Inc (NYSE:SLCA) is the most popular stock in this table. On the other hand Cousins Properties Inc (NYSE:CUZ) is the least popular one with only 9 bullish hedge fund positions. CACI International Inc (NYSE:CACI) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SLCA might be a better candidate to consider taking a long position in.

Disclosure: None