Is Ashford Hospitality Trust, Inc. (AHT) A Good Stock To Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that said goodbye to their entire stakes in the stock during the third quarter. At the top of the heap, Anthony Bozza’s Lakewood Capital Management said goodbye to the biggest position of all the hedgies studied by Insider Monkey, worth an estimated $1.2 million in stock, and Brian Gaines’ Springhouse Capital Management was right behind this move, as the fund dumped about $0.1 million worth of shares.

Let’s check out hedge fund activity in other stocks similar to Ashford Hospitality Trust, Inc. (NYSE:AHT). We will take a look at Great Southern Bancorp, Inc. (NASDAQ:GSBC), Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP), Novavax, Inc. (NASDAQ:NVAX), and Investment Technology Group (NYSE:ITG). This group of stocks’ market caps are closest to AHT’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $27 million. That figure was $28 million in AHT’s case. Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) is the most popular stock in this table. On the other hand Great Southern Bancorp, Inc. (NASDAQ:GSBC) is the least popular one with only 6 bullish hedge fund positions. Ashford Hospitality Trust, Inc. (NYSE:AHT) 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 SCMP might be a better candidate to consider taking a long position in.

Disclosure: None