Is Brunswick Corporation (BC) A Good Stock To Buy?

As aggregate interest increased, specific money managers were breaking ground themselves. Gotham Asset Management, managed by Joel Greenblatt, established the biggest position in Brunswick Corporation (NYSE:BC). Gotham Asset Management had $44.6 million invested in the company at the end of the quarter. Rob Citrone’s Discovery Capital Management also made a $7.9 million investment in the stock during the quarter. The other funds with brand new BC positions are Neil Chriss’s Hutchin Hill Capital and D. E. Shaw’s D E Shaw.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Brunswick Corporation (NYSE:BC) but similarly valued. These stocks are Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH), Penske Automotive Group, Inc. (NYSE:PAG), Brown & Brown, Inc. (NYSE:BRO), and GameStop Corp. (NYSE:GME). All of these stocks’ market caps are closest to BC’s market cap.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $386 million. That figure was $322 million in BC’s case. GameStop Corp. (NYSE:GME) is the most popular stock in this table. On the other hand Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) is the least popular one with only 12 bullish hedge fund positions. Brunswick Corporation (NYSE:BC) 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 GME might be a better candidate to consider a long position.