CARBO Ceramics Inc. (CRR): Are Hedge Funds Right About This Stock?

As one would reasonably expect, some big names have been driving this bullishness. Stevens Capital Management, led by Matthew Tewksbury, initiated the largest position in CARBO Ceramics Inc. (NYSE:CRR). The fund reportedly had $0.4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.3 million position during the quarter. The following funds were also among the new CRR investors: Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Cliff Asness’ AQR Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as CARBO Ceramics Inc. (NYSE:CRR) but similarly valued. We will take a look at Everyday Health Inc (NYSE:EVDY), Federated National Holding Co (NASDAQ:FNHC), Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM), and Nobilis Health Corp (NYSEMKT:HLTH). This group of stocks’ market caps are similar to CRR’s market cap.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $34 million in CRR’s case. Everyday Health Inc (NYSE:EVDY) is the most popular stock in this table. On the other hand Nobilis Health Corp (NYSEMKT:HLTH) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks CARBO Ceramics Inc. (NYSE:CRR) 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.

Disclosure: none.