Here is What Hedge Funds Think About Lumber Liquidators Holdings Inc (LL)

Judging by the fact that Lumber Liquidators Holdings Inc (NYSE:LL) has witnessed bearish sentiment from the entirety of the hedge funds we track, logic holds that there were a few fund managers that slashed their positions entirely last quarter. It’s worth mentioning that Clint Carlson’s Carlson Capital dropped the largest position of the “upper crust” of funds watched by Insider Monkey, worth about $12.8 million in stock. Julian Robertson’s fund, Tiger Management, also said goodbye to its stock, about $4.9 million worth. These bearish behaviors are important to note, as total hedge fund interest was cut by 1 funds last quarter.

Let’s now review hedge fund activity in other stocks similar to Lumber Liquidators Holdings Inc (NYSE:LL). We will take a look at Titan International Inc (NYSE:TWI), Hometrust Bancshares Inc (NASDAQ:HTBI), Kimball International Inc (NASDAQ:KBAL), and Landauer, Inc. (NYSE:LDR). This group of stocks’ market values are similar to LL’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 $49 million. That figure was $32 million in LL’s case. Titan International Inc (NYSE:TWI) is the most popular stock in this table. On the other hand Landauer, Inc. (NYSE:LDR) is the least popular one with only 7 bullish hedge fund positions. Lumber Liquidators Holdings Inc (NYSE:LL) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard TWI might be a better candidate to consider a long position.