Do Hedge Funds Love ClubCorp Holdings Inc (MYCC)?

Due to the fact that ClubCorp Holdings Inc (NYSE:MYCC) has weathered a decline in interest from the entirety of the hedge funds we track, logic holds that there was a specific group of fund managers who sold off their positions entirely last quarter. At the top of the heap, Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital dumped the biggest stake of all the investors tracked by Insider Monkey, totaling close to $2.5 million in stock. Michael M. Rothenberg’s fund, Moab Capital Partners, also dumped its stock, about $1.8 million worth.

Let’s check out hedge fund activity in other stocks similar to ClubCorp Holdings Inc (NYSE:MYCC). We will take a look at AveXis Inc (NASDAQ:AVXS), Trina Solar Limited (ADR) (NYSE:TSL), New Senior Investment Group Inc (NYSE:SNR), and Patrick Industries, Inc. (NASDAQ:PATK). All of these stocks’ market caps are similar to MYCC’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $182 million. That figure was $103 million in MYCC’s case. AveXis Inc (NASDAQ:AVXS) is the most popular stock in this table. On the other hand New Senior Investment Group Inc (NYSE:SNR) is the least popular one with only 17 bullish hedge fund positions. ClubCorp Holdings Inc (NYSE:MYCC) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AVXS might be a better candidate to consider taking a long position in.

Disclosure: None