How Entegra Financial Corp (ENFC) Stacks Up Against Its Peers

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Now, key money managers have been driving this bullishness. Tontine Asset Management assembled the most valuable position in Entegra Financial Corp (NASDAQ:ENFC). Tontine Asset Management had $0.7 million invested in the company at the end of the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Entegra Financial Corp (NASDAQ:ENFC) but similarly valued. We will take a look at Community Bankers Trust Corp. (NASDAQ:ESXB), Unique Fabricating Inc (NYSEMKT:UFAB), Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR), and Rocket Fuel Inc (NASDAQ:FUEL). This group of stocks’ market values match ENFC’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ESXB 5 20032 0
UFAB 5 7396 1
WHLR 10 39544 3
FUEL 8 9520 -2

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $19 million. That figure was $16 million in ENFC’s case. Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) is the most popular stock in this table. On the other hand Community Bankers Trust Corp. (NASDAQ:ESXB) is the least popular one with only 5 bullish hedge fund positions. Entegra Financial Corp (NASDAQ:ENFC) 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 WHLR might be a better candidate to consider taking a long position in.

Disclosure: None

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