Do Hedge Funds and Insiders Love AVEO Pharmaceuticals, Inc. (AVEO)?

Page 1 of 2

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) was in 9 hedge funds’ portfolio at the end of the first quarter of 2013. AVEO investors should pay attention to an increase in enthusiasm from smart money recently. There were 7 hedge funds in our database with AVEO holdings at the end of the previous quarter.

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)

In today’s marketplace, there are a multitude of gauges shareholders can use to watch the equity markets. Some of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite hedge fund managers can beat the S&P 500 by a very impressive margin (see just how much).

Equally as important, optimistic insider trading sentiment is another way to break down the investments you’re interested in. As the old adage goes: there are a variety of motivations for a corporate insider to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this strategy if shareholders understand where to look (learn more here).

With these “truths” under our belt, we’re going to take a glance at the latest action surrounding AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO).

What does the smart money think about AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)?

In preparation for this quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of 29% from the previous quarter. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were increasing their stakes significantly.

According to our comprehensive database, Jerome Pfund and Michael Sjostrom’s Sectoral Asset Management had the most valuable position in AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO), worth close to $38.1 million, comprising 1.2% of its total 13F portfolio. Coming in second is Seth Klarman of Baupost Group, with a $36 million position; 1.2% of its 13F portfolio is allocated to the stock. Remaining hedgies with similar optimism include William Leland Edwards’s Palo Alto Investors, Julian Baker and Felix Baker’s Baker Bros. Advisors and Jim Simons’s Renaissance Technologies.

As industrywide interest jumped, specific money managers were breaking ground themselves. Palo Alto Investors, managed by William Leland Edwards, created the biggest position in AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO). Palo Alto Investors had 6.4 million invested in the company at the end of the quarter. Julian Baker and Felix Baker’s Baker Bros. Advisors also initiated a $3.8 million position during the quarter. The following funds were also among the new AVEO investors: Israel Englander’s Millennium Management and James E. Flynn’s Deerfield Management.

What do corporate executives and insiders think about AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)?

Insider purchases made by high-level executives is particularly usable when the company in question has experienced transactions within the past 180 days. Over the last 180-day time frame, AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) has experienced 4 unique insiders buying, and 6 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO). These stocks are 3SBio Inc. (ADR) (NASDAQ:SSRX), Osiris Therapeutics, Inc. (NASDAQ:OSIR), Vical Incorporated (NASDAQ:VICL), Obagi Medical Products, Inc. (NASDAQ:OMPI), and Cambrex Corporation (NYSE:CBM). This group of stocks are in the biotechnology industry and their market caps resemble AVEO’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!