Do Hedge Funds Love STAAR Surgical Company (NASDAQ:STAA)?

Page 2 of 2

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as STAAR Surgical Company (NASDAQ:STAA) but similarly valued. These stocks are KongZhong Corporation(ADR) (NASDAQ:KZ), Era Group Inc (NYSE:ERA), Adamas Pharmaceuticals Inc (NASDAQ:ADMS), and C1 Financial Inc (NYSE:BNK). This group of stocks’ market valuations match STAA’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
KZ 4 6337 -3
ERA 11 61754 2
ADMS 15 38468 0
BNK 4 18470 1

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $31 million. That figure was $94 million in STAA’s case. Adamas Pharmaceuticals Inc (NASDAQ:ADMS) is the most popular stock in this table. On the other hand KongZhong Corporation(ADR) (NASDAQ:KZ) is the least popular one with only 4 bullish hedge fund positions. STAAR Surgical Company (NASDAQ:STAA) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather focus on analyzing stocks that hedge funds are collectively the most fond of and, in this case, ADMS may be a better alternative.

Page 2 of 2