How Is Smart Money Trading Marcus Corporation (MCS)?

As industry-wide interest jumped, key hedge funds were leading the bulls’ herd. Algert Coldiron Investors, managed by Peter Algert and Kevin Coldiron, created the largest position in Marcus Corporation (NYSE:MCS). Algert Coldiron had $0.6 million invested in the company at the end of the third quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.3 million position during the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Marcus Corporation (NYSE:MCS) but similarly valued. We will take a look at Haverty Furniture Companies, Inc. (NYSE:HVT), Unifi, Inc. (NYSE:UFI), Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI), and Epizyme Inc (NASDAQ:EPZM). All of these stocks’ market caps resemble Marcus Corporation (NYSE:MCS)’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 $55 million. That figure was $50 million in Marcus Corporation (NYSE:MCS)’s case. Epizyme Inc (NASDAQ:EPZM) is the most popular stock in this table, while Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) is the least popular one with only four long hedge fund positions. Marcus Corporation (NYSE:MCS) 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 Epizyme Inc (NASDAQ:EPZM) might be a better candidate to consider a long position.