Is Envision Healthcare Holdings Inc (EVHC) a Good Stock to Buy?

Seeing as Envision Healthcare Holdings Inc (NYSE:EVHC) has witnessed a decline in interest from the aggregate hedge fund industry, it’s easy to see that there were a few hedgies that slashed their full holdings between July and September. Intriguingly, Alok Agrawal’s Bloom Tree Partners dropped the largest investment of the 700 funds monitored by Insider Monkey, totaling an estimated $75.7 million in stock. Bain Capital’s fund, Brookside Capital, also dumped its position, worth about $27 million.

Let’s go over hedge fund activity in other stocks similar to Envision Healthcare Holdings Inc (NYSE:EVHC). These stocks are WellCare Health Plans, Inc. (NYSE:WCG), Patterson Companies, Inc. (NASDAQ:PDCO), Phillips 66 Partners LP (NYSE:PSXP), and United Therapeutics Corporation (NASDAQ:UTHR). All of these stocks’ market caps are similar to EVHC’s market cap.

As you can see these stocks had an average of 22 investors with bullish positions and the average amount invested in these stocks was $535 million. That figure was $722 million in EVHC’s case. WellCare Health Plans, Inc. (NYSE:WCG) is the most popular stock in this table. On the other hand Phillips 66 Partners LP (NYSE:PSXP) is the least popular one with only eight funds holding shares. Compared to these stocks Envision Healthcare Holdings Inc (NYSE:EVHC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.