How Advaxis, Inc. (ADXS) Stacks Up Against Its Peers

Due to the fact that Advaxis, Inc. (NASDAQ:ADXS) has encountered falling interest from the smart money, we can see that there exists a select few fund managers that decided to sell off their full holdings last quarter. Interestingly, Samuel Isaly’s OrbiMed Advisors sold off the biggest position of the 700 funds tracked by Insider Monkey, worth close to $3.6 million in stock. Oleg Nodelman’s fund, EcoR1 Capital, also dumped its stock, about $0.8 million worth.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Advaxis, Inc. (NASDAQ:ADXS) but similarly valued. We will take a look at Digi International Inc. (NASDAQ:DGII), AV Homes Inc (NASDAQ:AVHI), Consolidated-Tomoka Land Co. (NYSEAMEX:CTO), and Daktronics, Inc. (NASDAQ:DAKT). This group of stocks’ market caps match ADXS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DGII 15 21063 -1
AVHI 3 23481 -1
CTO 8 121400 -1
DAKT 14 16178 5

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 $46 million. That figure was $116 million in ADXS’s case. Digi International Inc. (NASDAQ:DGII) is the most popular stock in this table. On the other hand AV Homes Inc (NASDAQ:AVHI) is the least popular one with only 3 bullish hedge fund positions. Advaxis, Inc. (NASDAQ:ADXS) 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 recently. In this regard DAKT might be a better candidate to consider taking a long position in.

Disclosure: None