Here Is What Hedge Funds Think About Servicemaster Global Holdings Inc (SERV)

Seeing as Servicemaster Global Holdings Inc (NYSE:SERV) has witnessed bearish sentiment from the aggregate hedge fund industry, logic holds that there was a specific group of funds that slashed their positions entirely last quarter. At the top of the heap, Matthew Knauer and Mina Faltas’ Nokota Management cut the largest position of all the hedgies followed by Insider Monkey, worth close to $16.3 million in stock. Andrew Grossman and Michael Levitt’s fund, LG Capital Management, also sold off its stock, about $10.9 million worth. These moves are important to note, as total hedge fund interest dropped by 1 funds last quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Servicemaster Global Holdings Inc (NYSE:SERV) but similarly valued. We will take a look at Gentex Corporation (NASDAQ:GNTX), Pandora Media Inc (NYSE:P), FMC Corp (NYSE:FMC), and Avis Budget Group Inc. (NASDAQ:CAR). All of these stocks’ market caps are closest to SERV’s market cap.

As you can see these stocks had an average of 34.75 hedge funds with bullish positions and the average amount invested in these stocks was $1,159 million. That figure was $776 million in SERV’s case. Avis Budget Group Inc. (NASDAQ:CAR) is the most popular stock in this table. On the other hand Gentex Corporation (NASDAQ:GNTX) is the least popular one with only 26 bullish hedge fund positions. Servicemaster Global Holdings Inc (NYSE:SERV) 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 CAR might be a better candidate to consider a long position.