Is Cubic Corporation (CUB) A Good Stock To Buy?

As one would reasonably expect, some big names have been driving this bullishness. Mark Coe of Coe Capital Management established the biggest position in Cubic Corporation (NYSE:CUB). According to its latest 13F filing, the fund had $0.7 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also made a $0.6 million investment in the stock during the quarter. The other funds with brand new CUB positions are Mario Gabelli’s GAMCO Investors, Ken Griffin’s Citadel Investment Group, and Mike Vranos’ Ellington.

Let’s go over hedge fund activity in other stocks similar to Cubic Corporation (NYSE:CUB). We will take a look at Franklin Street Properties Corp. (NYSEAMEX:FSP), WesBanco, Inc. (NASDAQ:WSBC), Shake Shack Inc (NYSE:SHAK), and Stratasys, Ltd. (NASDAQ:SSYS). This group of stocks’ market values are closest to CUB’s market value.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $78 million. That figure was $113 million in CUB’s case. Stratasys, Ltd. (NASDAQ:SSYS) is the most popular stock in this table. On the other hand WesBanco, Inc. (NASDAQ:WSBC) is the least popular one with only 7 bullish hedge fund positions. Cubic Corporation (NYSE:CUB) 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 SSYS might be a better candidate to consider taking a long position in.

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Disclosure: None