Is Endo Health Solutions Inc (NASDAQ:ENDP
) a buy?
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Equally as crucial, optimistic insider trading sentiment is another way to analyze the financial markets. As the old adage goes: there are a number of incentives for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this tactic if you understand where to look (learn more here
Thus, let's study the newest info about Endo Health Solutions Inc (NASDAQ:ENDP
What does the smart money think about Endo Health Solutions Inc (NASDAQ:ENDP)?
At Q2's end, a total of 24 of the hedge funds we track held long positions in this stock, a change of 4% from the previous quarter. With the smart money's sentiment swirling, there exists a few key hedge fund managers who were boosting their stakes considerably.
When using filings from the hedgies we track, Blue Ridge Capital
, managed by John Griffin, holds the biggest position in Endo Health Solutions Inc (NASDAQ:ENDP). Blue Ridge Capital has a $250.2 million position in the stock, comprising 3% of its 13F portfolio. The second largest stake is held by Jacob Gottlieb of Visium Asset Management
, with a $176.5 million position; 4.1% of its 13F portfolio is allocated to the stock. Remaining hedgies that hold long positions include Peter Adam Hochfelder's Brahman Capital
, Sean Cullinan's Point State Capital
and Ken Griffin's Citadel Investment Group
With a general bullishness amongst the titans, certain bigger names were leading the bulls' herd. Blue Ridge Capital
, managed by John Griffin, assembled the largest position in Endo Health Solutions Inc (NASDAQ:ENDP). Blue Ridge Capital had 250.2 million invested in the company at the end of the quarter. Jacob Gottlieb's Visium Asset Management
also initiated a $176.5 million position during the quarter. The other funds with brand new ENDP positions are Peter Adam Hochfelder's Brahman Capital
, Ken Griffin's Citadel Investment Group
, and Glenn Russell Dubin's Highbridge Capital Management
What have insiders been doing with Endo Health Solutions Inc (NASDAQ:ENDP)?
Insider buying is at its handiest when the company in focus has experienced transactions within the past six months. Over the latest six-month time period, Endo Health Solutions Inc (NASDAQ:ENDP) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here
We'll also take a look at the relationship between both of these indicators in other stocks similar to Endo Health Solutions Inc (NASDAQ:ENDP). These stocks are Dr. Reddy's Laboratories Limited (ADR) (NYSE:RDY
), Taro Pharmaceutical Industries Ltd. (NYSE:TARO
), Cubist Pharmaceuticals Inc (NASDAQ:CBST
), United Therapeutics Corporation (NASDAQ:UTHR
), and Warner Chilcott Plc (NASDAQ:WCRX
). This group of stocks are in the drug manufacturers - other industry and their market caps match ENDP's market cap.