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Do you consider the buying trends of "smart money" investors when comparing stocks? We ran a screen with this idea in mind.

We began by screening for stocks with high growth projections, with 5-year projected EPS growth rates above 15% that are also trading between $1 and $5 a share and market caps above $300 million.

Why this price range? While many investors enjoy a certain thrill that comes with trading penny stocks, it's a dangerous game. So to avoid the inherent dangers, we turn to the larger companies that are still offered at lower prices.

To identify some of the attractively-priced stocks that investors should be wary of, we then screened for bearish sentiment from institutional investors, with significant net institutional sales over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform in the future, despite their high growth projections.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Do you think these companies are in trouble, or are hedge funds calling it wrong? Use this list as a starting point for your own analysis.

1. AK Steel Holding Corporation (AKS): Produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. Market cap at $594.18M, most recent closing price at $4.48. Net institutional sales in the current quarter at -8.9M shares, which represents about 8.15% of the company's float of 109.15M shares. 5-year EPS growth at 27%.

2. E-Commerce China Dangdang Inc. (DANG): Operates as a business-to-consumer e-commerce company in the People's Republic of China. Market cap at $358.8M, most recent closing price at $4.49. Net institutional sales in the current quarter at -3.3M shares, which represents about 9.71% of the company's float of 33.97M shares. 5-year EPS growth at 50%.

3. Heckmann Corporation (HEK): A holding company, acquires or makes investments in various businesses. Market cap at $457.38M, most recent closing price at $4.20. Net institutional sales in the current quarter at -4.6M shares, which represents about 5.18% of the company's float of 88.79M shares. 5-year EPS growth at 27.5%.

4. Quicksilver Resources Inc. (KWK): Engages in the exploration, development, and production of unconventional natural gas onshore in North America. Market cap at $582.84M, most recent closing price at $3.37. Net institutional sales in the current quarter at -10.7M shares, which represents about 11.55% of the company's float of 92.63M shares. 5-year EPS growth at 18.4%.

5. Meritor, Inc. (MTOR): Provides drivetrain mobility and braking solutions for original equipment (OE) manufacturers of trucks, trailers, and specialty vehicles. Market cap at $452.68M, most recent closing price at $4.69. Net institutional sales in the current quarter at -5.0M shares, which represents about 5.76% of the company's float of 86.88M shares. 5-year EPS growth at 24%.

6. PetroQuest Energy Inc. (PQ): Operates as an independent oil and gas company. Market cap at $318.38M, most recent closing price at $4.97. Net institutional sales in the current quarter at -2.5M shares, which represents about 5.17% of the company's float of 48.32M shares. 5-year EPS growth at 25.4%.

7. SIRIUS XM Radio Inc. (SIRI): Provides satellite radio services in the United States and Canada. Market cap at $15.2B, most recent closing price at $2.92. Net institutional sales in the current quarter at -173.3M shares, which represents about 5.48% of the company's float of 3.16B shares. 5-year EPS growth at 28%.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: Hedge Funds Are Selling These 7 High-Growth Stocks Under $5