Is Landauer, Inc. (LDR) A Good Stock to Buy?

With general bullishness amongst the heavyweights, key money managers have been driving this optimism. Millennium Management initiated the largest position in Landauer, Inc. (NYSE:LDR). Millennium Management had $1.4 million invested in the company at the end of the quarter. Joshua Packwood and Schuster Tanger’s Radix Partners also initiated a $0.4 million position during the quarter. The only other fund with a brand new LDR position was John Overdeck and David Siegel’s Two Sigma Advisors.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Landauer, Inc. (NYSE:LDR) but similarly valued. These stocks are Advaxis, Inc. (NASDAQ:ADXS), China Yuchai International Limited (NYSE:CYD), Resolute Forest Products Inc (NYSE:RFP), and Textainer Group Holdings Limited (NYSE:TGH). This group of stocks’ market values match LDR’s market value.

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 $92 million. That figure was $62 million in LDR’s case. Resolute Forest Products Inc (NYSE:RFP) is the most popular stock in this table. On the other hand China Yuchai International Limited (NYSE:CYD) is the least popular one with only 6 bullish hedge fund positions. Landauer, Inc. (NYSE:LDR) 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 RFP might be a better candidate to consider taking a long position in.

Disclosure: None