Is SAExploration Holdings, Inc. (SAEX) A Good Stock To Buy?

Consequently, key money managers were breaking ground themselves. The other funds with brand new SAEX positions are  GRT Capital Partners and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s now review hedge fund activity in other stocks similar to SAExploration Holdings, Inc. (NASDAQ:SAEX). These stocks are Sunshine Bancorp Inc (NASDAQ:SBCP), Computer Task Group, Inc. (NASDAQ:CTG), Cumulus Media Inc (NASDAQ:CMLS), and Universal Stainless & Alloy Products (NASDAQ:USAP). This group of stocks’ market caps resemble SAEX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SBCP 6 13812 1
CTG 5 12226 0
CMLS 12 13298 -3
USAP 6 11348 -1

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 $13 million. That figure was $44 million in SAEX’s case. Cumulus Media Inc (NASDAQ:CMLS) is the most popular stock in this table. On the other hand Computer Task Group, Inc. (NASDAQ:CTG) is the least popular one with only 5 bullish hedge fund positions. SAExploration Holdings, Inc. (NASDAQ:SAEX) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CMLS might be a better candidate to consider taking a long position in.