Hedge Funds Are Selling Mantech International Corp (MANT)

Since Mantech International Corp (NASDAQ:MANT) has experienced declining sentiment from hedge fund managers, logic holds that there exists a select few hedgies that slashed their full holdings heading into Q4. Intriguingly, Neil Chriss’s Hutchin Hill Capital said goodbye to the biggest stake of the “upper crust” of funds monitored by Insider Monkey, valued at about $0.9 million in stock, and Mark Coe’s Coe Capital Management was right behind this move, as the fund said goodbye to about $0.7 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Mantech International Corp (NASDAQ:MANT) but similarly valued. We will take a look at Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), DeVry Inc. (NYSE:DV), Vonage Holdings Corp. (NYSE:VG), and Cambrex Corporation (NYSE:CBM). This group of stocks’ market values match MANT’s market value.

As you can see these stocks had an average of 20.75 hedge funds with bullish positions and the average amount invested in these stocks was $204 million. That figure was $12 million in MANT’s case. DeVry Inc. (NYSE:DV) is the most popular stock in this table. On the other hand Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Mantech International Corp (NASDAQ:MANT) is even less popular than SSRI. 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.