Is FelCor Lodging Trust Incorporated (FCH) A Good Stock To Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dropped their positions entirely. Intriguingly, Israel Englander’s Millennium Management dropped the biggest investment of the 700 funds tracked by Insider Monkey, totaling about $2.9 million in stock. Dmitry Balyasny’s fund, Balyasny Asset Management, also dumped its stock, worth about $2.4 million.

Let’s check out hedge fund activity in other stocks similar to FelCor Lodging Trust Incorporated (NYSE:FCH). We will take a look at Heartland Financial USA Inc (NASDAQ:HTLF), Transocean Partners LLC (NYSE:RIGP), Virtusa Corporation (NASDAQ:VRTU), and First Bancorp (NYSE:FBP). This group of stocks’ market valuations resemble FCH’s market valuation.

As you can see these stocks had an average of 10 funds with bullish positions and the average amount invested in these stocks was $87 million. That figure was $123 million in FCH’s case. First Bancorp (NYSE:FBP) is the most popular stock in this table. On the other hand Virtusa Corporation (NASDAQ:VRTU) is the least popular one with only seven investors holding shares. FelCor Lodging Trust Incorporated (NYSE:FCH) 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 First Bancorp (NYSE:FBP) might be a better candidate to consider taking a long position in.