Is MDU Resources Group Inc (MDU) A Good Stock To Buy?

Consequently, specific money managers have been driving this bullishness. Arrowstreet Capital assembled the biggest position in MDU Resources Group Inc (NYSE:MDU). Arrowstreet Capital had $1.5 million invested in the company at the end of the quarter. BlueCrest Capital Mgmt. also initiated an $1.3 million position during the quarter. The following funds were also among the new MDU investors: Benjamin A. Smith’s Laurion Capital Management, Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to MDU Resources Group Inc (NYSE:MDU). These stocks are Braskem SA (ADR) (NYSE:BAK), Tribune Media Co (NYSE:TRCO), TreeHouse Foods Inc. (NYSE:THS), and Dolby Laboratories, Inc. (NYSE:DLB). All of these stocks’ market caps are closest to MDU’s market cap.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $499 million. That figure was just $15 million in MDU’s case. Tribune Media Co (NYSE:TRCO) is the most popular stock in this table. On the other hand Braskem SA (ADR) (NYSE:BAK) is the least popular one with only 5 bullish hedge fund positions. MDU Resources Group Inc (NYSE:MDU) 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 TRCO might be a better candidate to consider a long position.