Is Crown Holdings, Inc. (CCK) A Good Stock To Buy?

Now, specific money managers were leading the bulls’ herd. Partner Fund Management, managed by Christopher James, initiated the most outsized position in Crown Holdings, Inc. (NYSE:CCK). The fund had $32 million invested in the company at the end of the quarter. Jason Young and Alfred Geary’s YG Partners also made a $12 million investment in the stock during the quarter. The other funds with new positions in the stock are Joel Greenblatt’s Gotham Asset Management, Thomas Bailard’s Bailard Inc, and Neil Chriss’ Hutchin Hill Capital.

Let’s check out hedge fund activity in other stocks similar to Crown Holdings, Inc. (NYSE:CCK). These stocks are Qorvo Inc (NASDAQ:QRVO), HD Supply Holdings Inc (NASDAQ:HDS), KT Corporation (ADR) (NYSE:KT), and Raymond James Financial, Inc. (NYSE:RJF). This group of stocks’ market values resemble CCK’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
QRVO 27 198381 5
HDS 40 1866259 -7
KT 10 93403 2
RJF 17 329488 1

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $622 million. That figure was $706 million in CCK’s case. HD Supply Holdings Inc (NASDAQ:HDS) is the most popular stock in this table. On the other hand KT Corporation (ADR) (NYSE:KT) is the least popular one with only 10 bullish hedge fund positions. Crown Holdings, Inc. (NYSE:CCK) 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 really like. In this regard HDS might be a better candidate to consider a long position in.

Disclosure: None