TeamHealth Holdings Inc (TMH) Falls to Yearly Low in Smart Money Ownership

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. Interestingly, Daniel S. Och’s OZ Management cashed in the largest investment of the 700 funds watched by Insider Monkey, worth about $9.5 million in stock, and Andrew Sandler’s Sandler Capital Management was right behind this move, as the fund dumped about $8.1 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to Team Health Holdings LLC (NYSE:TMH). These stocks are Domtar Corp (USA) (NYSE:UFS), Washington Federal Inc. (NASDAQ:WAFD), Drew Industries, Inc. (NYSE:DW), and Whiting Petroleum Corp (NYSE:WLL). All of these stocks’ market caps resemble TMH’s market cap.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $224 million. That figure was $495 million in TMH’s case. Whiting Petroleum Corp (NYSE:WLL) is the most popular stock in this table. On the other hand Domtar Corp (USA) (NYSE:UFS) is the least popular one with only 12 bullish hedge fund positions. TeamHealth Holdings Inc (NYSE:TMH) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard WLL might be a better candidate to consider taking a long position in.

Disclosure: None