Published on 12 Dec 2021 on Insider Monkey via Yahoo Finance
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards Stereotaxis Inc (NYSE:STXS).
Is Stereotaxis Inc (NYSE:STXS) a buy, sell, or hold? The best stock pickers were buying. The number of long hedge fund positions advanced by 5 in recent months. Stereotaxis Inc (NYSE:STXS) was in 26 hedge funds' portfolios at the end of September. The all time high for this statistic was previously 21. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that STXS isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Now let's take a gander at the new hedge fund action encompassing Stereotaxis Inc (NYSE:STXS).