Due to the fact that AMN Healthcare Services, Inc. (NYSE:AHS) has faced declining sentiment from hedge fund managers, it’s easy to see that there were a few hedge funds who were dropping their entire stakes in the third quarter. Intriguingly, Ken Grossman and Glen Schneider’s SG Capital Management dumped the largest investment of all the hedgies monitored by Insider Monkey, comprising about $2.1 million in stock. David Costen Haley’s fund, HBK Investments, also dumped its stock, about $1.5 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 2 funds in the third quarter.
Let’s also examine hedge fund activity in other stocks similar to AMN Healthcare Services, Inc. (NYSE:AHS). These stocks are Vishay Intertechnology (NYSE:VSH), Huron Consulting Group (NASDAQ:HURN), Pattern Energy Group Inc (NASDAQ:PEGI), and Ladder Capital Corp (NYSE:LADR). This group of stocks’ market values resemble AHS’s market value.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $145 million. That figure was $127 million in AHS’s case. Vishay Intertechnology (NYSE:VSH) is the most popular stock in this table. On the other hand Pattern Energy Group Inc (NASDAQ:PEGI) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks AMN Healthcare Services, Inc. (NYSE:AHS) 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.