Is Metro Bancorp Inc (METR) A Good Stock To Buy?

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Let’s now take a look at hedge fund activity in other stocks similar to Metro Bancorp Inc (NASDAQ:METR). We will take a look at Concert Pharmaceuticals Inc (NASDAQ:CNCE), Hawkins, Inc. (NASDAQ:HWKN), The Hackett Group, Inc. (NASDAQ:HCKT), and Anchor BanCorp Wisconsin Inc. (PINK:ABCW). This group of stocks’ market caps are similar to METR’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CNCE 13 80424 2
HWKN 6 58860 0
HCKT 20 37959 7
ABCW 11 110615 3

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $72 million. That figure was $38 million in METR’s case. The Hackett Group, Inc. (NASDAQ:HCKT) is the most popular stock in this table. On the other hand, Hawkins, Inc. (NASDAQ:HWKN) is the least popular one with only 6 bullish hedge fund positions. In comparison, with 9 bullish hedge fund points, Metro Bancorp Inc (NASDAQ:METR) is not the least popular stock in this group but hedge fund interest is still not impressive. This may indicate it is not a good choice for investment; therefore, we’d rather spend our time researching stocks that hedge funds are collectively most bullish on. In this regard, HCKT might be a better alternative.

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