Is Edgewell Personal Care Co (EPC) A Good Stock To Buy?

Since Edgewell Personal Care Co (NYSE:EPC) has witnessed falling interest from the entirety of the hedge funds we track, logic holds that there lies a certain “tier” of hedgies that slashed their full holdings last quarter. Interestingly, Kenneth Mario Garschina’s Mason Capital Management sold off the biggest position of the “upper crust” of funds monitored by Insider Monkey, comprising about $31.2 million in stock, and Clint Carlson’s Carlson Capital was right behind this move, as the fund dropped about $25.6 million worth of EPC shares. These bearish behaviors are interesting, as total hedge fund interest was cut by 7 funds last quarter.

Let’s check out hedge fund activity in other stocks similar to Edgewell Personal Care Co (NYSE:EPC). These stocks are Godaddy Inc (NYSE:GDDY), Sonoco Products Company (NYSE:SON), Vail Resorts, Inc. (NYSE:MTN), and AptarGroup, Inc. (NYSE:ATR). This group of stocks’ market values are similar to EPC’s market value.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $487 million. That figure was $509 million in EPC’s case. Vail Resorts, Inc. (NYSE:MTN) is the most popular stock in this table. On the other hand AptarGroup, Inc. (NYSE:ATR) is the least popular one with only 12 bullish hedge fund positions. Edgewell Personal Care Co (NYSE:EPC) 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 MTN might be a better candidate to consider a long position.

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