Hedge Funds Are Being Drawn Back Into Integra Lifesciences Holdings Corp (IART)

As industry-wide interest jumped, key money managers have been driving this bullishness. Point72 Asset Management established the most valuable call position in Integra Lifesciences Holdings Corp (NASDAQ:IART). Point72 Asset Management had $8.3 million invested in the company at the end of the quarter. Krishen Sud’s Sivik Global Healthcare also made a $3.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Mike Vranos’ Ellington, Paul Tudor Jones’ Tudor Investment Corp, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s also examine hedge fund activity in other stocks similar to Integra Lifesciences Holdings Corp (NASDAQ:IART). These stocks are Urban Edge Properties (NYSE:UE), CLARCOR Inc. (NYSE:CLC), PolyOne Corporation (NYSE:POL), and Bank of Hawaii Corporation (NYSE:BOH). This group of stocks’ market valuations resemble IART’s market valuation.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $59 million. That figure was $133 million in IART’s case. PolyOne Corporation (NYSE:POL) is the most popular stock in this table. On the other hand Urban Edge Properties (NYSE:UE) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Integra Lifesciences Holdings Corp (NASDAQ:IART) 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.

Disclosure: None