Hedge Funds Aren’t Done Buying Evercore Inc. (EVR)

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Is Evercore Inc. (NYSE:EVR) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of news stories covering failed hedge fund investments and it is a fact that hedge funds’ picks don’t beat the market 100% of the time, but their consensus picks have historically done very well and have outperformed the market after adjusting for risk.

Is Evercore Inc. (NYSE:EVR) a safe stock to buy now? The best stock pickers are in a bullish mood. The number of bullish hedge fund positions improved by 3 recently. Our calculations also showed that EVR isn’t among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings). EVR was…

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