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What’s more, let’s study the latest info about Sirona Dental Systems, Inc. (NASDAQ:SIRO).
What have hedge funds been doing with Sirona Dental Systems, Inc. (NASDAQ:SIRO)?
At the end of the second quarter, a total of 28 of the hedge funds we track were long in this stock, a change of 4% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their holdings meaningfully.
Out of the hedge funds we follow, Ricky Sandler’s Eminence Capital had the biggest position in Sirona Dental Systems, Inc. (NASDAQ:SIRO), worth close to $131.3 million, comprising 3.2% of its total 13F portfolio. On Eminence Capital’s heels is Partner Fund Management, managed by Christopher Medlock James, which held a $64.2 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include D. E. Shaw’s D E Shaw, Glenn Russell Dubin’s Highbridge Capital Management and Israel Englander’s Millennium Management.
As industrywide interest increased, specific money managers were breaking ground themselves. Eminence Capital, managed by Ricky Sandler, initiated the largest position in Sirona Dental Systems, Inc. (NASDAQ:SIRO). Eminence Capital had 131.3 million invested in the company at the end of the quarter. Christopher Medlock James’s Partner Fund Management also made a $64.2 million investment in the stock during the quarter. The other funds with brand new SIRO positions are D. E. Shaw’s D E Shaw, Glenn Russell Dubin’s Highbridge Capital Management, and Israel Englander’s Millennium Management.
What do corporate executives and insiders think about Sirona Dental Systems, Inc. (NASDAQ:SIRO)?
Bullish insider trading is best served when the primary stock in question has experienced transactions within the past six months. Over the last six-month time period, Sirona Dental Systems, Inc. (NASDAQ:SIRO) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Sirona Dental Systems, Inc. (NASDAQ:SIRO). These stocks are Opko Health Inc. (NYSE:OPK), Techne Corporation (NASDAQ:TECH), ResMed Inc. (NYSE:RMD), Align Technology, Inc. (NASDAQ:ALGN), and Hologic, Inc. (NASDAQ:HOLX). This group of stocks belong to the medical appliances & equipment industry and their market caps are similar to SIRO’s market cap.