DBV Technologies SA – ADR (DBVT): Smart Money Is Slowly Coming Back

As industry-wide interest jumped, specific money managers were breaking ground themselves. OrbiMed Advisors established the most valuable position in DBV Technologies SA – ADR (NASDAQ:DBVT). OrbiMed Advisors had $12.6 million invested in the company at the end of the quarter. Ken Greenberg and David Kim’s Ghost Tree Capital also initiated a $9.1 million position during the quarter. The other funds with new positions in the stock are Jeffrey Jay and David Kroin’s Great Point Partners and Jerome Pfund and Michael Sjostrom’s Sectoral Asset Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as DBV Technologies SA – ADR (NASDAQ:DBVT) but similarly valued. We will take a look at Mitel Networks Corporation (NASDAQ:MITL), Universal Health Realty Income Trust (NYSE:UHT), Green Plains Renewable Energy Inc. (NASDAQ:GPRE), and Hanmi Financial Corp (NASDAQ:HAFC). This group of stocks’ market valuations match DBVT’s market valuation.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $118 million. That figure was $357 million in DBVT’s case. Green Plains Renewable Energy Inc. (NASDAQ:GPRE) is the most popular stock in this table. On the other hand Universal Health Realty Income Trust (NYSE:UHT) is the least popular one with only 5 bullish hedge fund positions. DBV Technologies SA – ADR (NASDAQ:DBVT) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GPRE might be a better candidate to consider taking a long position in.

Disclosure: None