KCG Holdings, Inc. Class A (KCG): Are Hedge Funds Right About This Stock?

Seeing as KCG Holdings, Inc. Class A (NYSE:KCG) has sustained falling interest from the entirety of the hedge funds we track, we can see that there was a specific group of hedge funds who sold off their full holdings heading into Q4. It’s worth mentioning that Israel Englander’s Millennium Management dumped the largest investment of the 700 funds tracked by Insider Monkey, comprising close to $1.6 million in stock.

Let’s go over hedge fund activity in other stocks similar to KCG Holdings, Inc. Class A (NYSE:KCG). These stocks are Mobile Mini Inc (NASDAQ:MINI), Otter Tail Corporation (NASDAQ:OTTR), CSG Systems International, Inc. (NASDAQ:CSGS), and TherapeuticsMD Inc (OTC:TXMD). This group of stocks’ market caps are similar to KCG’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $75 million. That figure was $67 million in KCG’s case. CSG Systems International, Inc. (NASDAQ:CSGS) is the most popular stock in this table. On the other hand Mobile Mini Inc (NASDAQ:MINI) is the least popular one with only 8 bullish hedge fund positions. KCG Holdings, Inc. Class A (NYSE:KCG) 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 CSGS might be a better candidate to consider taking a long position in.

Disclosure: None