Is ClubCorp Holdings Inc (MYCC) A Good Stock To Buy?

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Since ClubCorp Holdings Inc (NYSE:MYCC) has witnessed falling interest from the entirety of the hedge funds we track, it’s safe to say that there were a few hedge funds who were dropping their positions entirely last quarter. Intriguingly, Anand Parekh’s Alyeska Investment Group dumped the largest position of the 700 funds monitored by Insider Monkey, totaling close to $12.3 million in stock, and Quincy Lee’s Teton Capital was right behind this move, as the fund said goodbye to about $7.3 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest dropped by 3 funds last quarter.

Let’s now take a look at hedge fund activity in other stocks similar to ClubCorp Holdings Inc (NYSE:MYCC). We will take a look at Park National Corporation (NYSEMKT:PRK), Builders FirstSource, Inc. (NASDAQ:BLDR), Kaiser Aluminum Corp. (NASDAQ:KALU), and Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN). All of these stocks’ market caps are similar to MYCC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PRK 5 6778 -1
BLDR 39 231623 14
KALU 19 160762 4
HMIN 7 73710 2

As you can see these stocks had an average of 17.5 hedge funds with bullish positions and the average amount invested in these stocks was $118 million. That figure was $241 million in MYCC’s case. Builders FirstSource, Inc. (NASDAQ:BLDR) is the most popular stock in this table. On the other hand Park National Corporation (NYSEMKT:PRK) is the least popular one with only 5 bullish hedge fund positions. ClubCorp Holdings Inc (NYSE:MYCC) 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 BLDR might be a better candidate to consider a long position.

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