Is General Communication, Inc. (GNCMA) A Good Stock To Buy?

As industrywide interest jumped, some big names were breaking ground themselves. Stonerise Capital Management created the biggest position in General Communication, Inc. (NASDAQ:GNCMA). Peter Muller’s PDT Partners also made a $0.6 million investment in the stock during the quarter. The following funds were also among the new GNCMA investors: Peter Algert and Kevin Coldiron’s Algert Coldiron Investors and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as General Communication, Inc. (NASDAQ:GNCMA) but similarly valued. We will take a look at VASCO Data Security International, Inc. (NASDAQ:VDSI), Encore Wire Corporation (NASDAQ:WIRE), Enanta Pharmaceuticals Inc (NASDAQ:ENTA), and Container Store Group Inc (NYSE:TCS). All of these stocks’ market caps resemble GNCMA’s market cap.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $64 million, above the $30 million in GNCMA’s case. VASCO Data Security International, Inc. (NASDAQ:VDSI) is the most popular stock in this table. On the other hand Enanta Pharmaceuticals Inc (NASDAQ:ENTA) is the least popular one with only 6 bullish hedge fund positions. General Communication, Inc. (NASDAQ:GNCMA) 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 VDSI might be a better candidate to consider a long position.