Do Hedge Funds Love John Wiley & Sons Inc (JW.A)?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cut their entire stakes in the stock during the third quarter. It’s worth mentioning that Glenn Russell Dubin’s Highbridge Capital Management cut the biggest stake of all the investors monitored by Insider Monkey, valued at close to $3.2 million in stock. Neil Chriss’ fund, Hutchin Hill Capital, also sold off its stock, about $1.7 million worth.

Let’s now review hedge fund activity in other stocks similar to John Wiley & Sons Inc (NYSE:JW.A). These stocks are Nevro Corp (NYSE:NVRO), Telephone & Data Systems, Inc. (NYSE:TDS), Intersil Corp (NASDAQ:ISIL), and Two Harbors Investment Corp (NYSE:TWO). This group of stocks’ market valuations are closest to JW’s market valuation.

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $271 million. That figure was $81 million in JW.A’s case. Nevro Corp (NYSE:NVRO) is the most popular stock in this table. On the other hand Telephone & Data Systems, Inc. (NYSE:TDS) is the least popular one with only 19 bullish hedge fund positions. Compared to these stocks John Wiley & Sons Inc (NYSE:JW.A) is even less popular than TDS. 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