CoLucid Pharmaceuticals Inc (CLCD) Draws Hedge Funds’ Attention

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Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) but similarly valued. These stocks are Sanchez Energy Corp (NYSE:SN), Angie’s List Inc (NASDAQ:ANGI), M/I Homes Inc (NYSE:MHO), and Bojangles Inc (NASDAQ:BOJA). This group of stocks’ market valuations resemble CLCD’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SN 12 64128 0
ANGI 11 76703 0
MHO 9 51021 1
BOJA 10 12231 3

As you can see these stocks had an average of 11 funds with bullish positions and the average amount invested in these stocks was $51 million, versus $119 million in CLCD’s case. Sanchez Energy Corp (NYSE:SN) is the most popular stock in this table, while M/I Homes Inc (NYSE:MHO) is the least popular one with only nine funds having reported long positions. Compared to these stocks CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none

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