Is Orbital ATK Inc (OA) a Good Stock to Buy?

Now, key money managers were leading the bulls’ herd. Suvretta Capital Management, managed by Aaron Cowen, created the most outsized position in Orbital ATK Inc (NYSE:OA). Suvretta Capital Management had $30 million invested in the company at the end of the quarter. Philip Hilal’s Clearfield Capital also initiated a $18.1 million position during the quarter. The other funds with brand new OA positions are Paul Marshall and Ian Wace’s Marshall Wace LLP, Robert Polak’s Anchor Bolt Capital, and Phill Gross and Robert Atchinson’s Adage Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Orbital ATK Inc (NYSE:OA). These stocks are Weatherford International Ltd (NYSE:WFT), First Solar, Inc. (NASDAQ:FSLR), Keysight Technologies Inc (NYSE:KEYS), and Sun Communities Inc (NYSE:SUI). This group of stocks’ market valuations are similar to OA’s market valuation.

As you can see these stocks had an average of 21 investors with bullish positions and the average amount invested in these stocks was $303 million, versus $508 million in OA’s case. Weatherford International Ltd (NYSE:WFT) is the most popular stock in this table. On the other hand, Keysight Technologies Inc (NYSE:KEYS) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Orbital ATK Inc (NYSE:OA) 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.