Do Hedge Funds Love VIVUS, Inc. (VVUS)?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that said goodbye to their entire stakes in the stock during the third quarter. Interestingly, Benjamin A. Smith’s Laurion Capital Management said goodbye to the biggest position of the 700 funds studied by Insider Monkey, totaling close to $0.2 million in stock, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners was right behind this move, as the fund sold off about $0.2 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as VIVUS, Inc. (NASDAQ:VVUS) but similarly valued. We will take a look at Marchex, Inc. (NASDAQ:MCHX), Entegra Financial Corp (NASDAQ:ENFC), Community Bankers Trust Corp. (NASDAQ:ESXB), and Unique Fabricating Inc (NYSEMKT:UFAB). This group of stocks’ market valuations are similar to VVUS’s market valuation.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $15 million. That figure was $24 million in VVUS’s case. Marchex, Inc. (NASDAQ:MCHX) is the most popular stock in this table. On the other hand Community Bankers Trust Corp. (NASDAQ:ESXB) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks VIVUS, Inc. (NASDAQ:VVUS) 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