How Cenveo, Inc. (CVO) Stacks Up Against Its Peers

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Cenveo, Inc. (NYSE:CVO) but similarly valued. We will take a look at CPI Aerostructures, Inc. (NYSEMKT:CVU), LRAD Corp (NASDAQ:LRAD), Ocera Therapeutics Inc (NASDAQ:OCRX), and Trilogy Metals Inc (NYSEMKT:TMQ). All of these stocks’ market caps resemble CVO’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CVU 3 19528 -1
LRAD 5 8058 5
OCRX 9 15135 -1
TMQ 5 12990 5

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $14 million. That figure was $4 million in CVO’s case. Ocera Therapeutics Inc (NASDAQ:OCRX) is the most popular stock in this table. On the other hand CPI Aerostructures, Inc. (NYSEMKT:CVU) is the least popular one with only 3 bullish hedge fund positions. Cenveo, Inc. (NYSE:CVO) 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 OCRX might be a better candidate to consider taking a long position in.

Disclosure: None