Is Lionbridge Technologies, Inc. (LIOX) A Good Stock To Buy?

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Our database shows that there wasn’t a lot of activity in the stock though Ken Griffin’s Citadel Investment Group got rid of about $0.1 million in stock. Matthew Hulsizer’s fund, PEAK6 Capital Management, also dumped its call options, worth about $0.1 million. On the other side of this transaction was probably Mark Coe’s Coe Capital that initiated a $1.3 million long position.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Lionbridge Technologies, Inc. (NASDAQ:LIOX) but similarly valued. We will take a look at Novan Inc (NASDAQ:NOVN), Aerohive Networks Inc (NYSE:HIVE), Bank of Marin Bancorp (NASDAQ:BMRC), and Plug Power Inc (NASDAQ:PLUG). This group of stocks’ market valuations are closest to LIOX’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NOVN 5 18321 5
HIVE 10 28795 1
BMRC 5 23383 -1
PLUG 2 721 1

As you can see these stocks had an average of 5.5 hedge funds with bullish positions and the average amount invested in these stocks was $18 million. That figure was $72 million in LIOX’s case. Aerohive Networks Inc (NYSE:HIVE) is the most popular stock in this table. On the other hand Plug Power Inc (NASDAQ:PLUG) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Lionbridge Technologies, Inc. (NASDAQ:LIOX) 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.

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