How Videocon d2h Ltd – ADR (VDTH) Stacks Up Against Its Peers

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dropped their entire stakes in the stock during the third quarter. Interestingly, Ross Berman’s Green Owl Capital Management dropped the biggest stake of the “upper crust” of funds monitored by Insider Monkey, valued at about $1.9 million in stock, and Israel Englander’s Millennium Management was right behind this move, as the fund sold off about $0.3 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Videocon d2h Ltd – ADR (NASDAQ:VDTH) but similarly valued. These stocks are United Insurance Holdings Corp.(NDA) (NASDAQ:UIHC), VSE Corporation (NASDAQ:VSEC), LeMaitre Vascular Inc (NASDAQ:LMAT), and Culp, Inc. (NYSE:CFI). This group of stocks’ market caps resemble VDTH’s market cap.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $23 million. That figure was $100 million in VDTH’s case. United Insurance Holdings Corp.(NDA) (NASDAQ:UIHC) is the most popular stock in this table. On the other hand VSE Corporation (NASDAQ:VSEC) is the least popular one with only 3 bullish hedge fund positions. Videocon d2h Ltd – ADR (NASDAQ:VDTH) 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 UIHC might be a better candidate to consider taking a long position in.

Disclosure: None