Top Investors Not Depositing Funds With Pacific Continental Corporation (PCBK)

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Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Pacific Continental Corporation (NASDAQ:PCBK) but similarly valued. These stocks are Oncothyreon Inc (USA) (NASDAQ:ONTY), Nam Tai Property Inc (NYSE:NTP), Ignyta Inc (NASDAQ:RXDX), and Hovnanian Enterprises, Inc. (NYSE:HOV). This group of stocks’ market caps are closest to Pacific Continental Corporation’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ONTY 19 84063 1
NTP 8 27450 1
RXDX 12 79834 -6
HOV 16 37867 5

As you can see these stocks had an average of 13.75 hedge funds with bullish positions and the average amount invested in these stocks was $57 million. That figure was $31 million in Pacific Continental Corporation’s case. Oncothyreon Inc (USA) (NASDAQ:ONTY) is the most popular stock in this table. On the other hand Nam Tai Property Inc (NYSE:NTP) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Pacific Continental Corporation (NASDAQ:PCBK) is even less popular than NTP. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

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