Here is What Hedge Funds Think About Lumos Networks Corp (LMOS)

Now, key money managers were breaking ground themselves. Kavi Asset Management, led by Manoneet Singh, initiated the most outsized position in Lumos Networks Corp (NASDAQ:LMOS). Kavi Asset Management had $2.1 million invested in the company at the end of the quarter. Bart Baum’s Ionic Capital Management also made a $0.9 million investment in the stock during the quarter. The only other fund with a brand new LMOS position is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Lumos Networks Corp (NASDAQ:LMOS) but similarly valued. These stocks are Acacia Research Corporation (NASDAQ:ACTG), pdvWireless Inc (NASDAQ:PDVW), Xcerra Corp (NASDAQ:XCRA), and Preferred Apartment Communities Inc. (NYSE:APTS). This group of stocks’ market valuations match LMOS’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ACTG 13 56058 2
PDVW 5 157424 -1
XCRA 13 49892 2
APTS 7 4719 7

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 $67 million. That figure was $53 million in LMOS’s case. Acacia Research Corporation (NASDAQ:ACTG) is the most popular stock in this table. On the other hand pdvWireless Inc (NASDAQ:PDVW) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Lumos Networks Corp (NASDAQ:LMOS) 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.

Disclosure: None