Do Hedge Funds Love Calgon Carbon Corporation (CCC)?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. Interestingly, Paul Marshall and Ian Wace’s Marshall Wace LLP cashed in the largest investment of the 700 funds watched by Insider Monkey, comprising close to $2 million in stock, and Paul Tudor Jones’ Tudor Investment Corp was right behind this move, as the fund dumped about $0.4 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Calgon Carbon Corporation (NYSE:CCC) but similarly valued. We will take a look at MTS Systems Corporation (NASDAQ:MTSC), FormFactor, Inc. (NASDAQ:FORM), Tailored Brands Inc (NYSE:TLRD), and Raptor Pharmaceutical Corp. (NASDAQ:RPTP). All of these stocks’ market caps are similar to CCC’s market cap.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $150 million. That figure was $26 million in CCC’s case. Tailored Brands Inc (NYSE:TLRD) is the most popular stock in this table. On the other hand FormFactor, Inc. (NASDAQ:FORM) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Calgon Carbon Corporation (NYSE:CCC) is even less popular than FORM. 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. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None