Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Betting On Cerus Corporation (CERS)

Page 1 of 2

Is Cerus Corporation (NASDAQ:CERS) a buy, sell, or hold? Prominent investors are turning bullish. The number of long hedge fund positions advanced by 1 recently.

To most traders, hedge funds are viewed as slow, outdated investment tools of the past. While there are greater than 8000 funds in operation at present, we look at the leaders of this club, about 450 funds. It is estimated that this group oversees the majority of all hedge funds’ total capital, and by keeping an eye on their best picks, we have revealed a number of investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 24 percentage points in 7 months (check out a sample of our picks).

Cerus Corporation (NASDAQ:CERS)

Just as beneficial, bullish insider trading sentiment is a second way to break down the stock market universe. Obviously, there are lots of stimuli for a bullish insider to get rid of shares of his or her company, but just one, very simple reason why they would buy. Many academic studies have demonstrated the impressive potential of this strategy if “monkeys” know where to look (learn more here).

With all of this in mind, it’s important to take a look at the key action surrounding Cerus Corporation (NASDAQ:CERS).

What have hedge funds been doing with Cerus Corporation (NASDAQ:CERS)?

Heading into 2013, a total of 6 of the hedge funds we track were bullish in this stock, a change of 20% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were increasing their holdings considerably.

With a general bullishness amongst the heavyweights, key hedge funds have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, initiated the largest position in Cerus Corporation (NASDAQ:CERS). Citadel Investment Group had 0.1 million invested in the company at the end of the quarter.

Insider trading activity in Cerus Corporation (NASDAQ:CERS)

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 latest 180-day time frame, Cerus Corporation (NASDAQ:CERS) has seen 2 unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Cerus Corporation (NASDAQ:CERS). These stocks are Curis, Inc. (NASDAQ:CRIS), Repros Therapeutics Inc (NASDAQ:RPRX), Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX), XOMA Corp (NASDAQ:XOMA), and Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS). All of these stocks are in the biotechnology industry and their market caps resemble CERS’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!