Should You Buy Teligent Inc (TLGT)?

We already know that not all hedge funds are bullish on Teligent Inc (NASDAQ:TLGT) and that some hedge funds actually got rid of their positions entirely. At the top of the heap, Charles Jobson’s Delta Partners dumped the biggest stake of all the hedgies watched by Insider Monkey, valued at about $1.9 million in stock, and Ken Griffin’s Citadel Investment Group was right behind this move, as the fund dumped about $0.1 million worth of TLGT shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Teligent Inc (NASDAQ:TLGT) but similarly valued. These stocks are Gold Resource Corporation (NYSEAMEX:GORO), Neuroderm Ltd (NASDAQ:NDRM), Resolute Energy Corp (NYSE:REN), and CU Bancorp (NASDAQ:CUNB). This group of stocks’ market values are similar to TLGT’s market value.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $72 million. That figure was $31 million in TLGT’s case. Neuroderm Ltd (NASDAQ:NDRM) is the most popular stock in this table. On the other hand Gold Resource Corporation (NYSEAMEX:GORO) is the least popular one with only 6 bullish hedge fund positions. Teligent Inc (NASDAQ:TLGT) 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 NDRM might be a better candidate to consider taking a long position in.

Disclosure: none.