Is Haverty Furniture Companies, Inc. (HVT) A Good Stock To Buy?

Consequently, key hedge funds were breaking ground themselves. McKinley Capital Management, led by Robert B. Gillam, established the most valuable position in Haverty Furniture Companies, Inc. (NYSE:HVT). McKinley Capital Management had $0.3 million invested in the company at the end of the quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Haverty Furniture Companies, Inc. (NYSE:HVT) but similarly valued. These stocks are Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN), Tarena International Inc(ADR) (NASDAQ:TEDU), First Community Bancshares Inc (NASDAQ:FCBC), and Tsakos Energy Navigation Ltd. (NYSE:TNP). This group of stocks’ market valuations resemble HVT’s market valuation.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $21 million. That figure was $68 million in HVT’s case. Tsakos Energy Navigation Ltd. (NYSE:TNP) is the most popular stock in this table. On the other hand First Community Bancshares Inc (NASDAQ:FCBC) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Haverty Furniture Companies, Inc. (NYSE:HVT) 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.

Disclosure: None