Hedge Fund Sentiment Is Stagnant On Masimo Corporation (MASI)

Judging by the fact that Masimo Corporation (NASDAQ:MASI) has experienced falling interest from the aggregate hedge fund industry, logic holds that there exists a select few hedge funds that decided to sell off their full holdings in the third quarter. It’s worth mentioning that William Michaelcheck’s Mariner Investment Group sold off the largest stake of all the hedgies followed by Insider Monkey, worth an estimated $1.7 million in call options.. Matthew Hulsizer’s fund, PEAK6 Capital Management, also dropped its call options., about $0.5 million worth. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now take a look at hedge fund activity in other stocks similar to Masimo Corporation (NASDAQ:MASI). These stocks are Janus Capital Group Inc (NYSE:JNS), The Wendy’s Company (NASDAQ:WEN), The Geo Group, Inc. (NYSE:GEO), and HSN, Inc. (NASDAQ:HSNI). This group of stocks’ market caps are similar to MASI’s market cap.

As you can see these stocks had an average of 16.25 hedge funds with bullish positions and the average amount invested in these stocks was $355 million. That figure was $164 million in MASI’s case. Janus Capital Group Inc (NYSE:JNS) is the most popular stock in this table. On the other hand HSN, Inc. (NASDAQ:HSNI) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Masimo Corporation (NASDAQ:MASI) 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.

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