Is VWR Corp (VWR) A Good Stock To Buy Right Now?

With a general bullishness amongst the heavyweights, key hedge funds have jumped into VWR Corp (NASDAQ:VWR) headfirst. Alyeska Investment Group, led by Anand Parekh, established the most valuable position in VWR Corp (NASDAQ:VWR). Alyeska Investment Group had $20.6 million invested in the company at the end of the quarter. Benjamin A. Smith’s Laurion Capital Management also initiated a $10.1 million position during the quarter. The other funds with brand new VWR positions are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Solomon Kumin’s Folger Hill Asset Management, and Neil Chriss’ Hutchin Hill Capital.

Let’s now review hedge fund activity in other stocks similar to VWR Corp (NASDAQ:VWR). These stocks are AMC Networks Inc (NASDAQ:AMCX), Brocade Communications Systems, Inc. (NASDAQ:BRCD), Copa Holdings, S.A. (NYSE:CPA), and PAREXEL International Corporation (NASDAQ:PRXL). This group of stocks’ market values are similar to VWR’s market value.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $315 million. That figure was $288 million in VWR’s case. Brocade Communications Systems, Inc. (NASDAQ:BRCD) is the most popular stock in this table. On the other hand Copa Holdings, S.A. (NYSE:CPA) is the least popular one with only 16 bullish hedge fund positions. VWR Corp (NASDAQ:VWR) 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 BRCD might be a better candidate to consider taking a long position in.

Disclosure: None