Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Sodastream International Ltd (SODA) A Good Stock To Buy?

As one would reasonably expect, key hedge funds were breaking ground themselves. Balyasny Asset Management assembled the most valuable call position in Sodastream International Ltd (NASDAQ:SODA). Moreover, Balyasny Asset Management also initiated a $0.4 million position during the quarter. The only other fund with a brand new SODA position is Joseph Mathias’s Concourse Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Sodastream International Ltd (NASDAQ:SODA) but similarly valued. These stocks are Cryolife Inc (NYSE:CRY), Rubicon Minerals Corp. (USA) (NYSEAMEX:RBY), Arctic Cat Inc (NASDAQ:ACAT), and Pace Holdings Corp (NASDAQ:PACE). This group of stocks’ market valuations are similar to SODA’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CRY 8 18411 0
RBY 4 27783 -3
ACAT 7 18702 -2
PACE 18 166875 18

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $58 million. That figure was $39 million in SODA’s case. Pace Holdings Corp (NASDAQ:PACE) is the most popular stock in this table. On the other hand Rubicon Minerals Corp. (USA) (NYSEAMEX:RBY) is the least popular one with only 4 bullish hedge fund positions. Sodastream International Ltd (NASDAQ:SODA) 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 PACE might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...