Hedge Funds Continue to Hate On Endo International plc – Ordinary Shares (ENDP)

Judging by the fact that Endo International plc – Ordinary Shares (NASDAQ:ENDP) has experienced a decline in interest from the aggregate hedge fund industry, logic holds that there is a sect of money managers who sold off their positions entirely by the end of the third quarter. It’s worth mentioning that Curtis Macnguyen’s Ivory Capital (Investment Mgmt) dumped the biggest investment of the “upper crust” of funds watched by Insider Monkey, worth close to $32.6 million in call options, and Daniel S. Och’s OZ Management was right behind this move, as the fund dumped about $29.8 million worth of options. These transactions are interesting, as aggregate hedge fund interest dropped by 4 funds by the end of the third quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Endo International plc – Ordinary Shares (NASDAQ:ENDP) but similarly valued. These stocks are First Niagara Financial Group Inc. (NASDAQ:FNFG), American Capital Ltd. (NASDAQ:ACAS), Regal Entertainment Group (NYSE:RGC), and Sprouts Farmers Market Inc (NASDAQ:SFM). This group of stocks’ market caps are closest to ENDP’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $225 million. That figure was $797 million in ENDP’s case. American Capital Ltd. (NASDAQ:ACAS) is the most popular stock in this table. On the other hand First Niagara Financial Group Inc. (NASDAQ:FNFG) is the least popular one with only 1 bullish hedge fund positions. Compared to these stocks Endo International plc – Ordinary Shares (NASDAQ:ENDP) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio, though sentiment is falling fast.

Disclosure: None