How do we determine whether DHX Media Ltd (USA) (NASDAQ:DHXM) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that their consensus long positions have historically outperformed the market when we adjust for known risk factors.
Is DHX Media Ltd (USA) a bargain? The best stock pickers are selling. The number of long hedge fund bets were cut by 1 lately. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Relypsa Inc (NASDAQ:RLYP), Inter Parfums, Inc. (NASDAQ:IPAR), and K2M Group Holdings Inc (NASDAQ:KTWO) to gather more data points.
With all of this in mind, we’re going to go over the recent action regarding DHX Media Ltd (USA) (NASDAQ:DHXM).
How are hedge funds trading DHX Media Ltd (USA) (NASDAQ:DHXM)?
At the end of the third quarter, a total of 5 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -17% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Christian Leone’s Luxor Capital Group has the largest position in DHX Media Ltd (USA) (NASDAQ:DHXM), worth close to $97.2 million, comprising 2.2% of its total 13F portfolio. The second largest stake is held by Debra Fine of Fine Capital Partners, with a $30.7 million position; 3% of its 13F portfolio is allocated to the company. Some other members of the smart money that hold long positions encompass Jonathan Lennon’s Pleasant Lake Partners, Adam Wright and Gary Kohler’s Blue Clay Capital and Mark N. Diker’s Diker Management.