Published on 17 Dec 2021 on Insider Monkey via Yahoo Finance
Hedge Funds Are Betting On SciPlay Corporation (SCPL)
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at delivering attractive risk-adjusted returns rather than following the ups and downs of equity markets hoping that they will outperform the broader market. Our research shows that certain hedge funds do have great stock picking skills (and we can identify these hedge funds in advance pretty accurately), so let’s take a glance at the smart money sentiment towards SciPlay Corporation (NASDAQ:SCPL).
SciPlay Corporation (NASDAQ:SCPL) has seen an increase in enthusiasm from smart money lately. SciPlay Corporation (NASDAQ:SCPL) was in 23 hedge funds' portfolios at the end of September. The all time high for this statistic is 27. Our calculations also showed that SCPL isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).
