What Hedge Funds Think About COMSCORE, Inc. (SCOR)?

With a general bullishness amongst the heavyweights, key hedge funds have jumped into COMSCORE, Inc. (NASDAQ:SCOR) headfirst. Millennium Management, managed by Israel Englander, created the most outsized position in COMSCORE, Inc. (NASDAQ:SCOR). Millennium Management had $11.2 million invested in the company at the end of the quarter. Ken Grossman and Glen Schneider’s SG Capital Management also initiated a $5 million position during the quarter. The other funds with new positions in the stock are Peter Muller’s PDT Partners, Neil Chriss’s Hutchin Hill Capital, and Millennium Management Subsidiary’s Green Arrow Capital Management.

Let’s go over hedge fund activity in other stocks similar to COMSCORE, Inc. (NASDAQ:SCOR). We will take a look at Boyd Gaming Corporation (NYSE:BYD), National General Holdings Corp (NASDAQ:NGHC), New Relic Inc (NYSE:NEWR), and Dorman Products Inc. (NASDAQ:DORM). All of these stocks’ market caps resemble SCOR’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $269 million, compared to the $178 million in SCOR’s case. Boyd Gaming Corporation (NYSE:BYD) is the most popular stock in this table with 27 funds holding stakes. Compared to these stocks COMSCORE, Inc. (NASDAQ:SCOR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.