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Is Weyerhaeuser Company (WY) A Good Stock To Buy?

Consequently, key money managers have jumped into Weyerhaeuser Company (NYSE:WY) headfirst. Long Pond Capital established the largest position in Weyerhaeuser Company (NYSE:WY). John Overdeck and David Siegel’s Two Sigma Advisors also made a $16.5 million investment in the stock during the quarter. The other funds with brand new WY positions are Joel Greenblatt’s Gotham Asset Management, Ken Griffin’s Citadel Investment Group, and J. Alan Reid, Jr.’s Forward Management.

Let’s now take a look at hedge fund activity in other stocks similar to Weyerhaeuser Company (NYSE:WY). We will take a look at Principal Financial Group Inc (NYSE:PFG), Medivation Inc (NASDAQ:MDVN), Advance Auto Parts, Inc. (NYSE:AAP), and Rogers Communications Inc. (USA) (NYSE:RCI). This group of stocks’ market caps are closest to WY’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PFG 19 164301 -2
MDVN 34 1157808 -5
AAP 44 1678166 10
RCI 15 134144 1

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $784 million. That figure was $1.06 billion in WY’s case. Advance Auto Parts, Inc. (NYSE:AAP) is the most popular stock in this table, while Rogers Communications Inc. (USA) (NYSE:RCI) is the least popular one with only 15 bullish hedge fund positions. Weyerhaeuser Company (NYSE:WY) 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 AAP might be a better candidate to consider a long position.

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