Is Teladoc Inc (TDOC) A Good Stock To Buy?

Page 2 of 2

Now, key money managers have been driving this bullishness. Marble Arch Investments initiated a $15.3 million position during the quarter. The other funds with new positions in the stock are JHL Capital Group, Sectoral Asset Management, and James Dondero’s Highland Capital Management.

Let’s now review hedge fund activity in other stocks similar to Teladoc Inc (NYSE:TDOC). These stocks are Pretium Resources Inc (NYSE:PVG), FTD Companies Inc (NASDAQ:FTD), Caesars Entertainment Corp (NASDAQ:CZR), and InvenSense Inc (NYSE:INVN). This group of stocks’ market valuations are similar to Teladoc Inc (NYSE:TDOC)’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PVG 12 73523 0
FTD 20 123144 4
CZR 23 254293 1
INVN 16 63546 -4

As you can see, these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $129 million. That figure was $97 million in Teladoc Inc (NYSE:TDOC)’s case. Caesars Entertainment Corp (NASDAQ:CZR) is the most popular stock in this table. On the other hand, Pretium Resources Inc (NYSE:PVG) is the least popular one with only 12 bullish hedge fund positions. Teladoc Inc (NYSE:TDOC) 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, Caesars Entertainment Corp (NASDAQ:CZR) might be a better candidate to consider a long position.

Page 2 of 2