Do Hedge Funds Love Trade Desk Inc (TTD)?

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Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Trade Desk Inc (NASDAQ:TTD) but similarly valued. These stocks are Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX), CONMED Corporation (NASDAQ:CNMD), Multi-Color Corporation (NASDAQ:LABL), and Orion Engineered Carbons SA (NYSE:OEC). This group of stocks’ market values are closest to TTD’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MPSX 10 34161 -7
CNMD 15 206084 -1
LABL 7 45924 3
OEC 12 121102 -1

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $102 million. That figure was just $11 million in TTD’s case. CONMED Corporation (NASDAQ:CNMD) is the most popular stock in this table. On the other hand Multi-Color Corporation (NASDAQ:LABL) is the least popular one with only seven bullish hedge fund positions. Trade Desk Inc (NASDAQ:TTD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CNMD might be a better candidate to consider taking a long position in.

Disclosure: none

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