Is Intrawest Resorts Holdings Inc (SNOW) A Good Stock To Buy?

Seeing as Intrawest Resorts Holdings Inc (NYSE:SNOW) has experienced a declining sentiment from the entirety of the hedge funds we track, logic holds that there was a specific group of fund managers that elected to cut their positions entirely heading into Q4. Interestingly, Peter Muller’s PDT Partners dumped the biggest stake of all the hedgies monitored by Insider Monkey, totaling about $0.5 million in stock, and Matthew Hulsizer’s PEAK6 Capital Management was right behind this move, as the fund dumped about $0.5 million worth of stock. These bearish behaviors are important to note, as total hedge fund interest was cut by 2 funds heading into Q4.

Let’s go over hedge fund activity in other stocks similar to Intrawest Resorts Holdings Inc (NYSE:SNOW). We will take a look at Ladenburg Thalmann Financial Services (NYSEMKT:LTS), Student Transportation Inc (NASDAQ:STB), Celyad SA (EBR:CYAD), and Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR). This group of stocks’ market values match SNOW’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $55 million. That figure was $261 million in SNOW’s case. Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) is the most popular stock in this table. On the other hand Celyad SA (EBR:CYAD) is the least popular one with only 4 bullish hedge fund positions. Intrawest Resorts Holdings Inc (NYSE:SNOW) is not the most popular stock in this group, but hedge fund interest is still above average. Both metrics provide a positive signal, however, we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AEGR might be a better candidate to consider a long position.