Is Boise Cascade Co (BCC) A Good Stock To Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cashed in their entire stakes in the stock during the third quarter. It’s worth mentioning that Michael Platt and William Reeves’s BlueCrest Capital Mgmt. cashed in the largest position of all the investors tracked by Insider Monkey, comprising about $2.2 million in stock. Jim Simons’s fund, Renaissance Technologies, also sold off its stock, about $1.7 million worth of BCC shares.

Let’s now review hedge fund activity in other stocks similar to Boise Cascade Co (NYSE:BCC). These stocks are Grupo Supervielle SA -ADR (NYSE:SUPV), Marcus & Millichap Inc (NYSE:MMI), Surgery Partners Inc (NASDAQ:SGRY), and Lannett Company, Inc. (NYSEAMEX:LCI). This group of stocks’ market caps match BCC’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 $95 million. That figure was $51 million in BCC’s case. Lannett Company, Inc. (NYSEAMEX:LCI) is the most popular stock in this table. On the other hand Surgery Partners Inc (NASDAQ:SGRY) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Boise Cascade Co (NYSE:BCC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None