VOXX International Corp (VOXX)Hedge Funds Are Snapping Up

With a general bullishness amongst the heavyweights, some big names were breaking ground themselves. Nine Chapters Capital Management, managed by Chao Ku, established a position in VOXX International Corp (NASDAQ:VOXX). Nine Chapters Capital Management had $0.1 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $0.1 million investment in the stock during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to VOXX International Corp (NASDAQ:VOXX). We will take a look at HC2 Holdings Inc (NYSEMKT:HCHC), Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL), Graham Corporation (NYSEAMEX:GHM), and T2 Biosystems Inc (NASDAQ:TTOO). This group of stocks’ market caps resemble VOXX’s market cap.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $35 million. That figure was $21 million in VOXX’s case. Graham Corporation (NYSEAMEX:GHM) is the most popular stock in this table. On the other hand Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) is the least popular one with only 7 bullish hedge fund positions. VOXX International Corp (NASDAQ:VOXX) is not the most popular stock in this group, but it has attracted attention from investors. Although this may imply it is a good stock to buy, we’d rather spend our time researching stocks that hedge funds are collectively most bullish on. In this particular group, a better alternative might be GHM.