Is Willbros Group Inc (WG) A Good Stock To Buy?

Seeing as Willbros Group Inc (NYSE:WG) has faced a bearish sentiment from hedge fund managers, logic holds that there is a sect of hedge funds who were dropping their full holdings last quarter. It’s worth mentioning that Cliff Asness’ AQR Capital Management sold off the largest stake of the 700 funds monitored by Insider Monkey, comprising about $0.3 million in stock, and Ken Griffin’s Citadel Investment Group was right behind this move, as the fund sold off about $0.1 million worth of shares. These transactions are interesting, as total hedge fund interest dropped by 5 funds last quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Willbros Group Inc (NYSE:WG) but similarly valued. These stocks are TCP International Holdings Ltd (NYSE:TCPI), Cancer Genetics Inc (NASDAQ:CGIX), Petroquest Energy Inc (NYSE:PQ), and Timberland Bancorp, Inc. (NASDAQ:TSBK). All of these stocks’ market caps match Willbros Group Inc (NYSE:WG)’s market cap.

As you can see, these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $8 million. That figure was $7 million in Willbros Group Inc (NYSE:WG)’s case. Petroquest Energy Inc (NYSE:PQ) is the most popular stock in this table. On the other hand, Cancer Genetics Inc (NASDAQ:CGIX) is the least popular one with only 4 bullish hedge fund positions. Willbros Group Inc (NYSE:WG) 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, Petroquest Energy Inc (NYSE:PQ) might be a better candidate to consider a long position.