IPC Healthcare Inc (IPCM) Surges 40% As It Agrees To Takeover By Team Health Holdings LLC (TMH): Can IPCM Be Bought At The Moment?

What does the smart money think about IPC Healthcare Inc (NASDAQ:IPCM)?

When looking at the investors followed by Insider Monkey, Bill Miller‘s Legg Mason Capital Management had the largest stake in IPC Healthcare Inc (NASDAQ:IPCM), with around 172,000 shares worth close to $8 million. Coming in second is Point72 Asset Management, led by Steve Cohen, which initiated a stake with 84,500 shares valued at $3.9 million. Other peers that hold long positions, include John Overdeck and David Siegel’s Two Sigma Advisors, Stuart Weisbrod’s Iguana Healthcare Management and Glenn Russell Dubin’s Highbridge Capital Management.

On the other hand, a number of funds decided to close their stakes in the company. Among them is Paul Marshall and Ian Wace’s Marshall Wace LLC, which sold all its 46,529 shares during the first three months, while Israel Englander of Millennium Management, disposed of 22,000 shares during the same period.

Even though most hedge funds have not anticipated such a development for IPC Healthcare Inc (NASDAQ:IPCM), some investors bet on the company’s stock gaining ground as they initiated new positions in the company, such as Steve Cohen and Stuart Weisbrod. Therefore, this case as well as many others from the past show why tracking hedge fund activity could help a retail investor to gain an edge over the rest of the crowd. 

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