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.
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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.