Is Wabash National Corporation (WNC) a Good Stock to Buy?

Seeing as Wabash National Corporation (NYSE:WNC) has encountered bearish sentiment from the smart money, we can see that there exists a select few fund managers that elected to cut their entire stakes heading into Q4. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital dropped the largest position of the “upper crust” of funds studied by Insider Monkey, comprising close to $1.7 million in stock. David Costen Haley’s fund, HBK Investments, also sold off its stock, about $0.7 million worth.

Let’s now review hedge fund activity in other stocks similar to Wabash National Corporation (NYSE:WNC). These stocks are Nevsun Resources (USA) (NYSEMKT:NSU), GMS Inc (NYSE:GMS), Penn West Petroleum Ltd (USA) (NYSE:PWE), and General American Investors Co. Inc. (NYSE:GAM). This group of stocks’ market values are similar to WNC’s market value.

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 $41 million. That figure was $58 million in WNC’s case. Penn West Petroleum Ltd (USA) (NYSE:PWE) is the most popular stock in this table. On the other hand General American Investors Co. Inc. (NYSE:GAM) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Wabash National Corporation (NYSE:WNC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None