Is Gibraltar Industries Inc (ROCK) A Good Stock To Buy?

Page 2 of 2

As industrywide interest jumped, key money managers were leading the bulls’ herd. ACK Asset Management, managed by Richard S. Meisenberg, established the most valuable position in Gibraltar Industries Inc (NASDAQ:ROCK). The fund had $7.8 million invested in the company at the end of the quarter. David Park’s Headlands Capital also initiated a $5.9 million position during the quarter. The following funds were also among the new ROCK investors: Ken Griffin’s Citadel Investment Group, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Ken Brodkowitz and Mike Vermut’s Newland Capital.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Gibraltar Industries Inc (NASDAQ:ROCK) but similarly valued. We will take a look at Unit Corporation (NYSE:UNT), Mirati Therapeutics, Inc. (NASDAQ:MRTX), AppFolio Inc (NASDAQ:APPF), and Blucora Inc (NASDAQ:BCOR). This group of stocks’ market caps are closest to ROCK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
UNT 12 77131 -2
MRTX 19 233452 8
APPF 5 13767 -3
BCOR 16 68574 -5

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $98 million. That figure was $131 million in ROCK’s case, a positive sign. Mirati Therapeutics, Inc. (NASDAQ:MRTX) is the most popular stock in this table. On the other hand AppFolio Inc (NASDAQ:APPF) is the least popular one with only 5 bullish hedge fund positions. Gibraltar Industries Inc (NASDAQ:ROCK) is clearly outshines the stocks from this group. 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.

Page 2 of 2