What Do Hedge Funds Think of WebMD Health Corp. (WBMD)?

As one would reasonably expect, specific money managers were leading the bulls’ herd. Ulysses Management, managed by Joshua Nash, created the biggest position in WebMD Health Corp. (NASDAQ:WBMD). Ulysses Management had $2.4 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also initiated an $2 million position during the quarter. The other funds with new positions in the stock are Lee Ainslie’s Maverick Capital, David Costen Haley’s HBK Investments, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as WebMD Health Corp. (NASDAQ:WBMD) but similarly valued. These stocks are Lannett Company, Inc. (NYSE:LCI), Invesco Mortgage Capital Inc (NYSE:IVR), Applied Industrial Technologies (NYSE:AIT), and Core-Mark Holding Company, Inc. (NASDAQ:CORE). This group of stocks’ market valuations are similar to WBMD’s market valuation.

As you can see these stocks had an average of 14.5 hedge funds with bullish positions and the average amount invested in these stocks was $115 million. That figure was $523 million in WBMD’s case. Lannett Company, Inc. (NYSE:LCI) is the most popular stock in this table. On the other hand Core-Mark Holding Company, Inc. (NASDAQ:CORE) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks WebMD Health Corp. (NASDAQ:WBMD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.