Is LivaNova PLC (LIVN) a Good Stock to Buy?

Due to the fact that LivaNova PLC (NASDAQ:LIVN) has sustained bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there is a sect of hedge funds that decided to sell off their positions entirely between July and September. At the top of the heap, Christopher James’ Partner Fund Management cut the largest investment of all the hedgies watched by Insider Monkey, comprising an estimated $12.3 million in stock, and Benjamin A. Smith’s Laurion Capital Management was right behind this move, as the fund dumped about $6.6 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as LivaNova PLC (NASDAQ:LIVN) but similarly valued. These stocks are Associated Banc Corp (NYSE:ASB), Valero Energy Partners LP (NYSE:VLP), Exelixis, Inc. (NASDAQ:EXEL), and ALLETE Inc (NYSE:ALE). All of these stocks’ market caps are closest to LIVN’s market cap.

As you can see these stocks had an average of 15 funds with bullish positions and the average amount invested in these stocks was $172 million. That figure was $409 million in LIVN’s case. Exelixis, Inc. (NASDAQ:EXEL) is the most popular stock in this table. On the other hand Valero Energy Partners LP (NYSE:VLP) is the least popular one with only three funds having reported long positions. LivaNova PLC (NASDAQ:LIVN) 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 Exelixis, Inc. (NASDAQ:EXEL) might be a better candidate to consider taking a long position in.

Disclosure: none