Is John Wiley & Sons Inc (JW.A) Going to Burn These Hedge Funds?

Seeing as John Wiley & Sons Inc (NYSE:JW.A) has faced falling interest from hedge fund managers, logic holds that there lies a certain “tier” of hedgies who were dropping their entire stakes in the third quarter. It’s worth mentioning that Glenn Russell Dubin’s Highbridge Capital Management dumped the largest stake of all the hedgies followed by Insider Monkey, valued at an estimated $6.9 million in stock. Neil Chriss’ fund, Hutchin Hill Capital, also cut its stock, about $2.2 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to John Wiley & Sons Inc (NYSE:JW.A). These stocks are Columbia Property Trust Inc (NYSE:CXP), Targa Resources Corp (NYSE:TRGP), Mentor Graphics Corp (NASDAQ:MENT), and Progressive Waste Solutions Ltd (USA) (NYSE:BIN). This group of stocks’ market values resemble JW.A’s market value.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $343 million. That figure was $113 million in JW.A’s case. Targa Resources Corp (NYSE:TRGP) is the most popular stock in this table. On the other hand Columbia Property Trust Inc (NYSE:CXP) is the least popular one with only 9 bullish hedge fund positions. John Wiley & Sons Inc (NYSE:JW.A) 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 TRGP might be a better candidate to consider a long position.