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Is Armada Hoffler Properties Inc (AHH) A Good Stock To Buy?

As aggregate interest increased, key hedge funds were breaking ground themselves. McKinley Capital Management, managed by Robert B. Gillam, established the most valuable position in Armada Hoffler Properties Inc (NYSE:AHH). McKinley Capital Management had $1.2 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated an $0.1 million position during the quarter. The only other fund with a brand new AHH position is Matthew Hulsizer’s PEAK6 Capital Management.

Let’s check out hedge fund activity in other stocks similar to Armada Hoffler Properties Inc (NYSE:AHH). These stocks are CIBER, Inc. (NYSE:CBR), OraSure Technologies, Inc. (NASDAQ:OSUR), Innocoll AG (NASDAQ:INNL), and Electro Rent Corporation (NASDAQ:ELRC). This group of stocks’ market values are similar to AHH’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CBR 10 23908 -1
OSUR 25 38572 4
INNL 5 27556 0
ELRC 8 21647 0

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 $28 million. That figure was $24 million in AHH’s case. OraSure Technologies, Inc. (NASDAQ:OSUR) is the most popular stock in this table. On the other hand Innocoll AG (NASDAQ:INNL) is the least popular one with only 5 bullish hedge fund positions. Armada Hoffler Properties Inc (NYSE:AHH) has the level of interest close to the average, compared to the stocks in the table. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard OSUR might be a better candidate to consider a long position.

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