What Do Hedge Funds Think of Quanex Building Products Corporation (NX)?

As aggregate interest increased, some big names were leading the bulls’ herd. Fisher Asset Management, managed by Ken Fisher, created the most outsized position in Quanex Building Products Corporation (NYSE:NX). Fisher Asset Management had $2.7 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also initiated a $1.4 million position during the quarter. The other funds with new positions in the stock are Robert I. Usdan and Wayne K. Goldstein’s Endicott Management, Lee Munder’s Lee Munder Capital Group, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Quanex Building Products Corporation (NYSE:NX) but similarly valued. We will take a look at Tile Shop Hldgs, Inc. (NASDAQ:TTS), Walter Investment Management Corp (NYSE:WAC), Barnes & Noble Education Inc (NYSE:BNED), and eLong, Inc. (ADR) (NASDAQ:LONG). All of these stocks’ market caps are similar to NX’s market cap.

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 $167 million. That figure was $96 million in NX’s case. Tile Shop Hldgs, Inc. (NASDAQ:TTS) is the most popular stock in this table. On the other hand eLong, Inc. (ADR) (NASDAQ:LONG) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Quanex Building Products Corporation (NYSE:NX) 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.