Is Nobilis Health Corp (HLTH) A Good Stock To Buy?

After several tireless days, we have finished crunching the numbers from the more than 700 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Nobilis Health Corp (NYSEMKT:HLTH).

Nobilis Health Corp (NYSEMKT:HLTH) investors should pay attention to an increase in hedge fund interest lately. Nobilis Health Corp (NYSEMKT:HLTH) was in 6 hedge funds’ portfolios at the end of the third quarter of 2015. There were 5 hedge funds in our database with Nobilis Health Corp (NYSEMKT:HLTH) holdings at the end of the previous quarter. At the end of this article, we will also compare Nobilis Health Corp (NYSEMKT:HLTH) to other stocks including Blackrock Corporate High Yield Fund Inc (NYSE:HYT), REX American Resources Corp (NYSE:REX), and LSB Industries, Inc. (NYSE:LXU) to get a better sense of its popularity.

Follow Nobilis Health Corp.

At the moment, there are tons of indicators that market participants put to use to evaluate their holdings. A couple of the best indicators are hedge fund and insider trading sentiment. Our experts have shown that, historically, those who follow the top picks of the top hedge fund managers can outperform the S&P 500 by a healthy margin (see the details here).

Keeping this in mind, let’s take a glance at the new action regarding Nobilis Health Corp (NYSEMKT:HLTH).

How have hedgies been trading Nobilis Health Corp (NYSEMKT:HLTH)?

At the end of the previous quarter, a total of 6 of the hedge funds tracked by Insider Monkey held long positions in this stock, an increase of 20% from the second quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, McKinley Capital Management, managed by Robert B. Gillam, holds the number one position in Nobilis Health Corp (NYSEMKT:HLTH). McKinley Capital Management has a $2.1 million position in the stock, comprising 0.1% of its 13F portfolio. On McKinley Capital Management’s heels is Royce & Associates, managed by Chuck Royce, which holds a $1.9 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish comprise Peter Keane’s Keane Capital Management, Andrew Weiss’ Weiss Asset Management and Bruce Silver’s Silver Capital Management LLC.