Is Ferro Corporation (FOE) A Good Stock To Buy?

It’s worth mentioning that Daniel Lascano’s Lomas Capital Management dumped the largest stake of all the hedgies watched by Insider Monkey, worth close to $13.4 million in stock. Jim Simons’ fund, Renaissance Technologies, also cut its stock, about $8.2 million worth. These moves are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s check out hedge fund activity in other stocks similar to Ferro Corporation (NYSE:FOE). These stocks are Linn Energy LLC (NASDAQ:LINE), Cato Corp (NYSE:CATO), The Andersons, Inc. (NASDAQ:ANDE), and Stewart Information Services Corp (NYSE:STC). This group of stocks’ market values resemble FOE’s market value.

As you can see these stocks had an average of 9.5 hedge funds with bullish positions and the average amount invested in these stocks was $94 million. That figure was $283 million in FOE’s case. Stewart Information Services Corp (NYSE:STC) is the most popular stock in this table. On the other hand Linn Energy LLC (NASDAQ:LINE) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Ferro Corporation (NYSE:FOE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.