What Do Hedge Funds Think of Stock Building Supply Holdings Inc (STCK)?

As one would reasonably expect, key hedge funds have been driving this bullishness. Buckingham Capital Management, managed by David Keidan, assembled the biggest position in Stock Building Supply Holdings Inc (NASDAQ:STCK). Buckingham Capital Management had $11.4 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Stock Building Supply Holdings Inc (NASDAQ:STCK) but similarly valued. These stocks are Acacia Research Corporation (NASDAQ:ACTG), DTS Inc. (NASDAQ:DTSI), Gores Holdings Inc (NASDAQ:GRSHU), and First PacTrust Bancorp, Inc. (NASDAQ:BANC). All of these stocks’ market caps match STCK’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $99 million. That figure was $87 million in STCK’s case. First PacTrust Bancorp, Inc. (NASDAQ:BANC) is the most popular stock in this table. On the other hand Acacia Research Corporation (NASDAQ:ACTG) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Stock Building Supply Holdings Inc (NASDAQ:STCK) is even less popular than ACTG. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.