What hedge funds think about AVG Technologies NV (AVG)?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cut their positions entirely. Interestingly, Sheetal Duggal’s Thrax Management cut the biggest position of all the hedgies tracked by Insider Monkey, totaling close to $9.3 million in call options. Chuck Royce’s mutual fund, Royce & Associates, also dumped its stock, about $8 million worth.

Let’s now review hedge fund activity in other stocks similar to AVG Technologies NV (NYSE:AVG). We will take a look at M.D.C. Holdings, Inc. (NYSE:MDC), Oclaro, Inc. (NASDAQ:OCLR), Cubic Corporation (NYSE:CUB), and Franklin Street Properties Corp. (NYSEAMEX:FSP). This group of stocks’ market caps are closest to AVG’s market cap.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $122 million. That figure was $64 million in AVG’s case. Oclaro, Inc. (NASDAQ:OCLR) is the most popular stock in this table. On the other hand Franklin Street Properties Corp. (NYSEAMEX:FSP) is the least popular one with only 9 bullish hedge fund positions. AVG Technologies NV (NYSE:AVG) 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 OCLR might be a better candidate to consider taking a long position in.

Disclosure: None