Should You Buy Core Molding Technologies, Inc. (CMT)?

As aggregate interest increased, some big names were leading the bulls’ herd. Algert Coldiron Investors created the most valuable position in Core Molding Technologies, Inc. (NYSEMKT:CMT). Algert Coldiron Investors had $1.7 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Core Molding Technologies, Inc. (NYSEMKT:CMT). These stocks are Neff Corp (NYSE:NEFF), Luby’s, Inc. (NYSE:LUB), Westfield Financial, Inc. (NASDAQ:WFD), and Spartan Motors Inc (NASDAQ:SPAR). This group of stocks’ market values resembles Core Molding Technologies, Inc. (NYSEMKT:CMT)’s market value.

As you can see, these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $16 million. That figure was $14 million in Core Molding Technologies, Inc. (NYSEMKT:CMT)’s case. Spartan Motors Inc (NASDAQ:SPAR) is the most popular stock in this table. On the other hand, Luby’s, Inc. (NYSE:LUB) is the least popular one with only 4 bullish hedge fund positions. Core Molding Technologies, Inc. (NYSEAMEX:CMT) 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, Spartan Motors Inc (NASDAQ:SPAR) might be a better candidate to consider a long position.