Is ESTA A Good Stock To Buy Now?

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Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of Establishment Labs Holdings Inc. (NASDAQ:ESTA) based on that data.

Is ESTA a good stock to buy now? Establishment Labs Holdings Inc. (NASDAQ:ESTA) was in 12 hedge funds' portfolios at the end of September. The all time high for this statistics is 14. ESTA has seen an increase in enthusiasm from smart money in recent months. There were 11 hedge funds in our database with ESTA positions at the end of the second quarter. Our calculations also showed that ESTA isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks).

Video: Watch our video about the top 5 most popular hedge fund stocks.

If you'd ask most investors, hedge funds are assumed to be unimportant, outdated investment tools of yesteryear. While there are more than 8000 funds trading at the moment, Our researchers look at the bigwigs of this group, about 850 funds. Most estimates calculate that this group of people preside over most of the hedge fund industry's total capital, and by paying attention to their top picks, Insider Monkey has come up with many investment strategies that have historically surpassed the market. Insider Monkey's flagship short hedge fund strategy outrun the S&P 500 short ETFs by around 20 percentage points a year since its inception in March 2017. Our portfolio of short stocks lost 13% since February 2017 (through November 17th) even though the market was up 65% during the same period. We just shared a list of 6 short targets in our latest quarterly update .

Joseph Edelman of Perceptive Advisors
Joseph Edelman of Perceptive Advisors

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best blue chip stocks to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website. With all of this in mind let's view the recent hedge fund action surrounding Establishment Labs Holdings Inc. (NASDAQ:ESTA).


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