Do Hedge Funds Love Corbus Pharmaceuticals Holdings Inc (CRBP)?

Consequently, key hedge funds have been driving this bullishness. Millennium Management, managed by Israel Englander, initiated the biggest position in Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP), worth $38,000 at the end of the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) but similarly valued. We will take a look at SFX Entertainment Inc (NASDAQ:SFXE), Orion Energy Systems, Inc. (NASDAQ:OESX), Aeropostale, Inc. (NYSE:ARO), and Cosi Inc (NASDAQ:COSI). This group of stocks’ market values resemble CRBP’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $8 million. That figure was $6 million in CRBP’s case. SFX Entertainment Inc (NASDAQ:SFXE) is the most popular stock in this table. Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) joins Cosi Inc (NASDAQ:COSI) as the least popular stocks with only 4 bullish hedge fund positions. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.