Do Hedge Funds Love Line Corp (ADR) (LN)?

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Line Corp (ADR) (NYSE:LN) but similarly valued. We will take a look at The Western Union Company (NYSE:WU), IDEXX Laboratories, Inc. (NASDAQ:IDXX), Kansas City Southern (NYSE:KSU), and C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). This group of stocks’ market valuations are closest to LN’s market valuation.

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $719 million. That figure was $116 million in LN’s case. Kansas City Southern (NYSE:KSU) is the most popular stock in this table. On the other hand IDEXX Laboratories, Inc. (NASDAQ:IDXX) is the least popular one with only 24 bullish hedge fund positions. Compared to these stocks Line Corp (ADR) (NYSE:LN) is even less popular than IDEXX Laboratories, Inc. (NASDAQ:IDXX). Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: none