ICF International Inc (ICFI): Are Hedge Funds Right About This Stock?

With general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. Citadel Investment Group, led by Ken Griffin, created the most valuable position in ICF International Inc (NASDAQ:ICFI). Citadel Investment Group had $0.3 million invested in the company at the end of the quarter. Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital also initiated a small position during the quarter.

Let’s also examine hedge fund activity in other stocks similar to ICF International Inc (NASDAQ:ICFI). We will take a look at AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG), Klondex Mines Ltd (NYSE:KLDX), Teladoc Inc (NYSE:TDOC), and Meridian Interstate Bancorp, Inc. (NASDAQ:EBSB). This group of stocks’ market valuations resemble ICFI’s market valuation.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $116 million. That figure was $38 million in ICFI’s case. AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) is the most popular stock in this table. On the other hand Teladoc Inc (NYSE:TDOC) is the least popular one with only 6 bullish hedge fund positions. ICF International Inc (NASDAQ:ICFI) 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 AMAG might be a better candidate to consider taking a long position in.

Disclosure: None