Hedge Funds Are Crazy About Astex Pharmaceuticals, Inc. (ASTX) – Keryx Biopharmaceuticals (KERX), Raptor Pharmaceutical Corp. (RPTP)

Page 1 of 2

Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. ASTX has experienced an increase in activity from the world’s largest hedge funds recently. There were 7 hedge funds in our database with ASTX holdings at the end of the previous quarter.

At the moment, there are plenty of indicators shareholders can use to analyze stocks. A duo of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can outperform the S&P 500 by a significant amount (see just how much).

Astex Pharmaceuticals, Inc. (NASDAQ:ASTX)

Just as key, positive insider trading activity is another way to break down the investments you’re interested in. Obviously, there are a variety of stimuli for an insider to get rid of shares of his or her company, but just one, very clear reason why they would buy. Several academic studies have demonstrated the valuable potential of this strategy if piggybackers understand where to look (learn more here).

Consequently, it’s important to take a glance at the latest action regarding Astex Pharmaceuticals, Inc. (NASDAQ:ASTX).

How are hedge funds trading Astex Pharmaceuticals, Inc. (NASDAQ:ASTX)?

In preparation for this year, a total of 9 of the hedge funds we track held long positions in this stock, a change of 29% from the previous quarter. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were upping their holdings meaningfully.

When looking at the hedgies we track, Jim Simons’s Renaissance Technologies had the biggest position in Astex Pharmaceuticals, Inc. (NASDAQ:ASTX), worth close to $1.4 million, comprising less than 0.1%% of its total 13F portfolio. Coming in second is Perceptive Advisors, managed by Joseph Edelman, which held a $1.3 million position; 0.2% of its 13F portfolio is allocated to the stock. Remaining peers that are bullish include Zeke Ashton’s Centaur Capital Partners, Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s GRT Capital Partners and Glenn Russell Dubin’s Highbridge Capital Management.

Consequently, some big names were breaking ground themselves. Perceptive Advisors, managed by Joseph Edelman, assembled the largest position in Astex Pharmaceuticals, Inc. (NASDAQ:ASTX). Perceptive Advisors had 1.3 million invested in the company at the end of the quarter. Zeke Ashton’s Centaur Capital Partners also initiated a $1.2 million position during the quarter. The only other fund with a new position in the stock is Glenn Russell Dubin’s Highbridge Capital Management.

How are insiders trading Astex Pharmaceuticals, Inc. (NASDAQ:ASTX)?

Bullish insider trading is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time frame, Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Astex Pharmaceuticals, Inc. (NASDAQ:ASTX). These stocks are Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), Keryx Biopharmaceuticals (NASDAQ:KERX), Raptor Pharmaceutical Corp. (NASDAQ:RPTP), Endocyte, Inc. (NASDAQ:ECYT), and Kythera Biopharmaceuticals Inc (NASDAQ:KYTH). This group of stocks are the members of the drug manufacturers – major industry and their market caps are closest to ASTX’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

Subscribe

Enter your email:

Delivered by FeedBurner

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!