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Why Teradata, Envision Healthcare, LSB Industries & Two Other Stocks Are Among Top Gainers Today?

Markets are wavering on Friday following weaker-than-expected jobs data. However, the report depletes the likelihood of a June interest rate hike. Some important stocks that are gaining ground today are Teradata Corporation (NYSE:TDC), Envision Healthcare Holdings Inc (NYSE:EVHC), Atwood Oceanics, Inc. (NYSE:ATW), LSB Industries, Inc. (NYSE:LXU) and Sierra Wireless, Inc. (USA) (NASDAQ:SWIR). Let’s see what sent these stocks higher today and analyze the hedge fund sentiment towards them.

Our research has shown that the best strategy is to follow hedge funds into their small-cap picks. This approach can allow monthly returns of nearly 95 basis points above the market, as we determined through extensive backtests covering the period between 1999 and 2012 (see the details here).

Teradata Corporation Reports Losses, Appoints New CEO

Teradata Corporation (NYSE:TDC)’s stock has gained around 7% after the company announced the appointment of a new CEO after having reported a $46 million loss for the first quarter on Thursday. Victor Lund was named as the new president and CEO of the data company, replacing Mike Koehler, who had headed the company since 2007. Lund said that moving forward, the company would accelerate its transformation efforts and would strive to maintain a cost focus, but not at the expense of profitable revenue growth. The new CEO added that he would try to instill a “sense of urgency and accountability” in Teradata’s culture. For the first quarter, Teradata posted adjusted EPS of $0.47, better than the expected $0.37, while revenue of $545 million also surpassed the expectations of $517.52 million. For the full year, the company expects revenue of $2.32 billion to $2.39 billion. Among the funds we track, 23 held approximately $830 million worth of Teradata Corporation (NYSE:TDC)’s shares at the end of the fourth quarter of 2015. As of the end of March, First Eagle Investment Management owns more than 17 million shares of the company, according to its latest 13F filing.

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Envision Healthcare Beats Estimates

Envision Healthcare Holdings Inc (NYSE:EVHC)’s stock is nearly 10% in the green after the company posted first-quarter EPS of $0.28, beating the analysts’ estimates of $0.25, while revenue came in at $1.6 billion, higher than the estimated $1.55 billion. For the full fiscal 2016, the company expects its EPS to be in the range of $1.46 to $1.54. In a statement, Envision Healthcare’s CEO, William A. Sanger, said that the company continues to expand using its integrated care delivery strategy. As of the end of the fourth quarter of 2015, 32 hedge funds reported stakes in Envision Healthcare Holdings Inc (NYSE:EVHC), unchanged from a quarter earlier, having amassed 21% of the company’s total stock. Phil Frohlich’s Prescott Group Capital Management owns 57,500 shares of the company, according to its 13F filing for the end of March.

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On the next page, we will take a look at Atwood Oceanics, LSB Industries and Sierra Wireless.

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