WCI Communities Inc (WCIC): Are Hedge Funds Right About This Stock?

Page 2 of 2

As one would reasonably expect, key hedge funds have been driving this bullishness. Buckingham Capital Management assembled the most valuable position in WCI Communities Inc (NYSE:WCIC). Buckingham Capital Management had $13.1 million invested in the company at the end of the quarter. Simon Sadler’s Segantii Capital also made a $11 million investment in the stock during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, George McCabe’s Portolan Capital Management, and Leon Cooperman’s Omega Advisors.

Let’s now take a look at hedge fund activity in other stocks similar to WCI Communities Inc (NYSE:WCIC). We will take a look at H&E Equipment Services, Inc. (NASDAQ:HEES), ICF International Inc (NASDAQ:ICFI), Chart Industries, Inc. (NASDAQ:GTLS), and Novadaq Technologies Inc. (NASDAQ:NVDQ). All of these stocks’ market caps are similar to WCI Communities Inc (NYSE:WCIC)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HEES 11 26047 -6
ICFI 14 70187 1
GTLS 14 48613 -7
NVDQ 9 47230 -1

As you can see, these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $48 million. That figure was $165 million in WCI Communities Inc (NYSE:WCIC)’s case. ICF International Inc (NASDAQ:ICFI) is the most popular stock in this table. On the other hand, Novadaq Technologies Inc. (NASDAQ:NVDQ) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks, WCI Communities Inc (NYSE:WCIC) 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.

Page 2 of 2