What Smart Money Thinks about CommerceHub Inc (CHUBK)?

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as CommerceHub Inc (NASDAQ:CHUBK) but similarly valued. These stocks are TrustCo Bank Corp NY (NASDAQ:TRST), Flushing Financial Corporation (NASDAQ:FFIC), Civitas Solutions Inc (NYSE:CIVI), and MGP Ingredients Inc (NASDAQ:MGPI). This group of stocks’ market caps match CHUBK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TRST 11 75047 0
FFIC 10 42509 3
CIVI 8 9503 1
MGPI 8 53307 1

As you can see these stocks had an average of nine investors with bullish positions and the average amount invested in these stocks was $45 million. That figure was $139 million in CHUBK’s case. TrustCo Bank Corp NY (NASDAQ:TRST) is the most popular stock in this table. On the other hand Civitas Solutions Inc (NYSE:CIVI) is the least popular one with only eight bullish hedge fund positions. Compared to these stocks CommerceHub Inc (NASDAQ:CHUBK) 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.

Disclosure: none