Here is What Hedge Funds Think About Haverty Furniture Companies, Inc. (HVT)

Consequently, specific money managers have jumped into Haverty Furniture Companies, Inc. (NYSE:HVT) headfirst. Nine Chapters Capital Management, managed by Chao Ku, established the most valuable position in Haverty Furniture Companies, Inc. (NYSE:HVT). Nine Chapters Capital Management had $0.6 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also made a $0.4 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Haverty Furniture Companies, Inc. (NYSE:HVT) but similarly valued. These stocks are Unifi, Inc. (NYSE:UFI), Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI), Epizyme Inc (NASDAQ:EPZM), and Natera Inc (NASDAQ:NTRA). All of these stocks’ market caps resemble HVT’s market cap.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $44 million. That figure was $73 million in HVT’s case. Epizyme Inc (NASDAQ:EPZM) is the most popular stock in this table. On the other hand Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) is the least popular one with only 4 bullish hedge fund positions. Haverty Furniture Companies, Inc. (NYSE:HVT) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard EPZM might be a better candidate to consider a long position.