Published on 9 Dec 2021 on Insider Monkey via Yahoo Finance
Where Do Hedge Funds Stand On StoneMor Inc. (STON)?
We at Insider Monkey have gone over 866 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article, we look at what those funds think of StoneMor Inc. (NYSE:STON) based on that data.
StoneMor Inc. (NYSE:STON) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 6 hedge funds' portfolios at the end of the first quarter of 2021. Our calculations also showed that STON isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). At the end of this article we will also compare STON to other stocks including Inotiv, Inc. (NASDAQ:NOTV), IMV Inc. (NASDAQ:IMV), and Republic First Bancorp, Inc. (NASDAQ:FRBK) to get a better sense of its popularity.
Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.