Should You Buy US Concrete Inc (USCR)?

As one would reasonably expect, key money managers were leading the bulls’ herd. Columbus Circle Investors created the biggest position in US Concrete Inc (NASDAQ:USCR). Columbus Circle Investors had $9.3 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $1.2 million position during the quarter. The other funds with new positions in the stock are D. E. Shaw’s D E Shaw, Mark Coe’s Coe Capital Management, and Matthew Tewksbury’s Stevens Capital Management.

Let’s also examine hedge fund activity in other stocks similar to US Concrete Inc (NASDAQ:USCR). These stocks are Northfield Bancorp Inc (NASDAQ:NFBK), Regis Corporation (NYSE:RGS), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), and Wix.Com Ltd (NASDAQ:WIX). This group of stocks’ market valuations resemble USCR’s market valuation.

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 $131 million. That figure was $118 million in USCR’s case. Regis Corporation (NYSE:RGS) is the most popular stock in this table. On the other hand Northfield Bancorp Inc (NASDAQ:NFBK) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks US Concrete Inc (NASDAQ:USCR) 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.