Is Craft Brew Alliance Inc (BREW) A Good Stock To Buy?

Page 2 of 2

Let’s now take a look at hedge fund activity in other stocks similar to Craft Brew Alliance Inc (NASDAQ:BREW). These stocks are Geron Corporation (NASDAQ:GERN), Adamas Pharmaceuticals Inc (NASDAQ:ADMS), Columbus McKinnon Corp. (NASDAQ:CMCO), and CNX Coal Resources LP (NYSE:CNXC). All of these stocks’ market caps resemble BREW’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GERN 5 2535 -6
ADMS 17 115160 2
CMCO 14 65405 -1
CNXC 7 96645 1

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 $70 million. That figure was $7 million in BREW’s case. Adamas Pharmaceuticals Inc (NASDAQ:ADMS) is the most popular stock in this table. On the other hand Geron Corporation (NASDAQ:GERN) is the least popular one with only 5 bullish hedge fund positions. Craft Brew Alliance Inc (NASDAQ:BREW) 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 ADMS might be a better candidate to consider taking a long position in.

Disclosure: None


Page 2 of 2