Is Moog Inc (MOG.A) A Good Stock To Buy?

Consequently, key money managers have been driving this bullishness. Gotham Asset Management, led by Joel Greenblatt, initiated the most outsized position in Moog Inc (NYSE:MOG.A). Gotham Asset Management had $4.8 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $3.2 million investment in the stock during the quarter. The only other fund with a brand new MOG position is Jim Simons’ Renaissance Technologies.

Let’s go over hedge fund activity in other stocks similar to Moog Inc (NYSE:MOG.A). These stocks are Criteo SA (ADR) (NASDAQ:CRTO), Sothebys (NYSE:BID), Dril-Quip, Inc. (NYSE:DRQ), and Mellanox Technologies, Ltd. (NASDAQ:MLNX). This group of stocks’ market values match MOG.A’s market value.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $256 million. That figure was $92 million in MOG.A’s case. Mellanox Technologies, Ltd. (NASDAQ:MLNX) is the most popular stock in this table. On the other hand Criteo SA (ADR) (NASDAQ:CRTO) is the least popular one with only 13 bullish hedge fund positions. Moog Inc (NYSE:MOG.A) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal, as we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MLNX might be a better candidate to consider taking a long position in.

Disclosure: None