Is Brink’s Company (BCO) A Good Stock To Buy?

Since Brink’s Company (NYSE:BCO) has witnessed a decline in interest from hedge fund managers, it’s easy to see that there exists a select few money managers who were dropping their entire stakes last quarter. At the top of the heap, Matt Sirovich and Jeremy Mindich’s Scopia Capital said goodbye to the largest stake of the “upper crust” of funds tracked by Insider Monkey, valued at an estimated $21.5 million in stock. Ken Griffin’s fund, Citadel Investment Group, also cut its stock, about $4.4 million worth of BCO shares. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 1 fund last quarter.

Let’s now review hedge fund activity in other stocks similar to Brink’s Company (NYSE:BCO). These stocks are Federal-Mogul Corporation (NASDAQ:FDML), Waddell & Reed Financial, Inc. (NYSE:WDR), MRC Global Inc (NYSE:MRC), and Simmons First National Corporation (NASDAQ:SFNC). All of these stocks’ market caps resemble BCO’s market cap.

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 $445 million. That figure was $429 million in BCO’s case. MRC Global Inc (NYSE:MRC) is the most popular stock in this table. On the other hand Simmons First National Corporation (NASDAQ:SFNC) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Brink’s Company (NYSE:BCO) 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.