Here is What Hedge Funds Think About PulteGroup, Inc. (PHM)

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Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as PulteGroup, Inc. (NYSE:PHM) but similarly valued. These stocks are Partnerre Ltd (NYSE:PRE), NetSuite Inc (NYSE:N), Lululemon Athletica inc. (NASDAQ:LULU), and FactSet Research Systems Inc. (NYSE:FDS). This group of stocks’ market values resemble PHM’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PRE 24 816976 -11
N 14 239478 1
LULU 32 837350 -3
FDS 24 169594 1

As you can see these stocks had an average of 23.5 hedge funds with bullish positions and the average amount invested in these stocks was $516 million. That figure was $471 million in PHM’s case. Lululemon Athletica inc. (NASDAQ:LULU) is the most popular stock in this table. On the other hand NetSuite Inc (NYSE:N)) is the least popular one with only 14 bullish hedge fund positions. In comparison, PulteGroup, Inc. (NYSE:PHM) has attracted attention from investors, even though it is not the most popular stock in this particular group. Although this may imply it is a good stock to buy, our extensive analyses suggest it is better to spend time focusing on stocks that most hedge funds are collectively fond of, such as LULU in this particular case.

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