Hedge Funds Are Betting On WesBanco, Inc. (WSBC)

As aggregate interest increased, key money managers were breaking ground themselves. Citadel Investment Group, led by Ken Griffin, assembled the biggest position in WesBanco, Inc. (NASDAQ:WSBC). According to its latest 13F filing, the fund had $1.6 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made a $0.5 million investment in the stock during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to WesBanco, Inc. (NASDAQ:WSBC). These stocks are Shake Shack Inc (NYSE:SHAK), Stratasys, Ltd. (NASDAQ:SSYS), Cempra Inc (NASDAQ:CEMP), and Adams Diversified Equity Fund Inc (NYSE:ADX). All of these stocks’ market caps resemble WSBC’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 $100 million. That figure was $17 million in WSBC’s case. Stratasys, Ltd. (NASDAQ:SSYS) is the most popular stock in this table. On the other hand Adams Diversified Equity Fund Inc (NYSE:ADX) is the least popular one with only 4 bullish hedge fund positions. WesBanco, Inc. (NASDAQ:WSBC) 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 SSYS might be a better candidate to consider taking a long position in.

Disclosure: none.