Is General Motors Company (GM) A Good Stock To Buy Right Now?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dumped their positions entirely. At the top of the heap, Ken Griffin’s Citadel Investment Group dumped the biggest investment of all the investors followed by Insider Monkey, valued at an estimated $36 million in call options. Frank Brosens’s fund, Taconic Capital, also dropped its stock, worth about $29.4 million.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as General Motors Company (NYSE:GM) but similarly valued. We will take a look at Metlife Inc (NYSE:MET), salesforce.com, inc. (NYSE:CRM), The Southern Company (NYSE:SO), and American Tower Corp (NYSE:AMT). This group of stocks’ market values resemble GM’s market value.

As you can see these stocks had an average of 43 investors with bullish positions and the average amount invested in these stocks was $1.79 billion. That figure was $3.53 billion in GM’s case. salesforce.com, inc. (NYSE:CRM) is the most popular stock in this table. On the other hand The Southern Company (NYSE:SO) is the least popular one with only 20 bullish hedge fund positions. General Motors Company (NYSE:GM) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CRM might be a better candidate to consider taking a long position in.

Disclosure: none.