Is News Corp (NWSA) a Good Stock To Buy?

Judging by the fact that News Corp (NASDAQ:NWSA) has witnessed declining sentiment from hedge fund managers, logic holds that there lies a certain “tier” of hedgies who were dropping their positions entirely during the third quarter. It’s worth mentioning that Steve Cohen’s Point72 Asset Management dropped the largest stake of all the hedgies watched by Insider Monkey, valued at about $2.8 million in stock. John Fichthorn’s fund, Dialectic Capital Management, also said goodbye to its stock worth about $1.1 million.

Let’s go over hedge fund activity in other stocks similar to News Corp (NASDAQ:NWSA). These stocks are AerCap Holdings N.V. (NYSE:AER), American Capital Agency Corp. (NASDAQ:AGNC), Vipshop Holdings Ltd – ADR (NYSE:VIPS), and E TRADE Financial Corporation (NASDAQ:ETFC). This group of stocks’ market values match NWSA’s market value.

As you can see these stocks had an average of 29 funds with bullish positions and the average amount invested in these stocks was $887 million. That figure was $1.02 billion in NWSA’s case. Vipshop Holdings Ltd – ADR (NYSE:VIPS) is the most popular stock in this table with 38 funds holding shares. On the other hand American Capital Agency Corp. (NASDAQ:AGNC) is the least popular one with only 11 bullish hedge fund positions. News Corp (NASDAQ:NWSA) 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 Vipshop Holdings Ltd – ADR (NYSE:VIPS) might be a better candidate to consider a long position.