Is LifeVantage Corp (LFVN) Going to Burn These Hedge Funds?

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We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. Interestingly, David E. Shaw’s D E Shaw cashed in the largest stake of the “upper crust” of funds watched by Insider Monkey, valued at close to $0.5 million in stock, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors was right behind this move, as the fund cut about $0.4 million worth of LFVN shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as LifeVantage Corp (NASDAQ:LFVN) but similarly valued. These stocks are Noodles & Co (NASDAQ:NDLS), Navios Maritime Holdings Inc. (NYSE:NM), Eagle Bulk Shipping Inc. (NASDAQ:EGLE), and Bio-Path Holdings Inc (NASDAQ:BPTH). This group of stocks’ market valuations are closest to LFVN’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NDLS 6 5484 2
NM 5 6707 -3
EGLE 4 11694 0
BPTH 1 1841 -2

As you can see these stocks had an average of 4 hedge funds with bullish positions and the average amount invested in these stocks was $6 million. That figure was $12 million in LFVN’s case. Noodles & Co (NASDAQ:NDLS) is the most popular stock in this table. On the other hand Bio-Path Holdings Inc (NASDAQ:BPTH) is the least popular one with only 1 bullish hedge fund positions. LifeVantage Corp (NASDAQ:LFVN) 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. In this regard NDLS might be a better candidate to consider taking a long position in.

Disclosure: none.

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