Versum Materials Inc (VSM): Are Hedge Funds Right About This Stock?

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Versum Materials Inc (NYSE:VSM) but similarly valued. We will take a look at FireEye Inc (NASDAQ:FEYE), Pinnacle Financial Partners (NASDAQ:PNFP), Compass Minerals International, Inc. (NYSE:CMP), and TCF Financial Corporation (NYSE:TCB). This group of stocks’ market valuations are similar to VSM’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FEYE 29 284327 2
PNFP 10 21950 5
CMP 6 74130 -5
TCB 16 133405 -2

As you can see these stocks had an average of 15 funds with bullish positions and the average amount invested in these stocks was $128 million, compared to $72 million in VSM’s case. FireEye Inc (NASDAQ:FEYE) is the most popular stock in this table. On the other hand Compass Minerals International, Inc. (NYSE:CMP) is the least popular one with only six bullish hedge fund positions. Versum Materials Inc (NYSE:VSM) 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 FireEye Inc (NASDAQ:FEYE) might be a better candidate to consider taking a long position in.

Disclosure: none