How Supreme Industries, Inc. (STS) Stacks Up Against Its Peers?

With a general bullishness amongst the heavyweights, key money managers have jumped into Supreme Industries, Inc. (NYSEAMEX:STS) headfirst. McKinley Capital Management, led by Robert B. Gillam, assembled the most valuable position in Supreme Industries, Inc. (NYSEAMEX:STS). McKinley Capital Management had $2.5 million invested in the company at the end of the quarter. Louis Navellier’s Navellier & Associates also initiated a $0.9 million position during the quarter. The other funds with brand new STS positions are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Israel Englander’s Millennium Management.

Let’s check out hedge fund activity in other stocks similar to Supreme Industries, Inc. (NYSEAMEX:STS). These stocks are Renewable Energy Group Inc (NASDAQ:REGI), Lumos Networks Corp (NASDAQ:LMOS), Acacia Research Corporation (NASDAQ:ACTG), and pdvWireless Inc (NASDAQ:PDVW). This group of stocks’ market values are similar to STS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
REGI 15 53777 -2
LMOS 14 53181 3
ACTG 13 56058 2
PDVW 5 157424 -1

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $80 million. That figure was $25 million in STS’s case. Renewable Energy Group Inc (NASDAQ:REGI) is the most popular stock in this table. On the other hand pdvWireless Inc (NASDAQ:PDVW) is the least popular one with only 5 bullish hedge fund positions. Supreme Industries, Inc. (NYSEAMEX:STS) 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 REGI might be a better candidate to consider taking a long position in.

Disclosure: None