Is BancorpSouth, Inc. (BXS) 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. It’s worth mentioning that Matthew Tewksbury’s Stevens Capital Management said goodbye to the largest stake of the “upper crust” of funds studied by Insider Monkey, totaling about $1.1 million in stock, and Paul Tudor Jones’ Tudor Investment Corp was right behind this move, as the fund said goodbye to about $0.5 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as BancorpSouth, Inc. (NYSE:BXS) but similarly valued. We will take a look at Cousins Properties Inc (NYSE:CUZ), Kate Spade & Co (NYSE:KATE), Alamos Gold Inc (NYSE:AGI), and Barnes Group Inc. (NYSE:B). This group of stocks’ market caps are similar to BXS’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $180 million. That figure was also $180 million in BXS’s case. Kate Spade & Co (NYSE:KATE) is the most popular stock in this table. On the other hand Cousins Properties Inc (NYSE:CUZ) is the least popular one with only 9 bullish hedge fund positions. BancorpSouth, Inc. (NYSE:BXS) 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 KATE might be a better candidate to consider taking a long position in.

Disclosure: None