Here Is What Hedge Funds Think About Ashford Hospitality Prime Inc (AHP)

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As one would reasonably expect, key hedge funds have been driving this bullishness. Raging Capital Management also made a $28.1 million investment in the stock during the quarter. The following funds were also among the new AHP investors: Israel Englander’s Millennium Management one of the largest hedge funds in the world, Paul Tudor Jones’ Tudor Investment Corp, and Michael Platt and William Reeves’ BlueCrest Capital Mgmt..

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Ashford Hospitality Prime Inc (NYSE:AHP) but similarly valued. These stocks are Craft Brew Alliance Inc (NASDAQ:BREW), Geron Corporation (NASDAQ:GERN), Adamas Pharmaceuticals Inc (NASDAQ:ADMS), and Columbus McKinnon Corp. (NASDAQ:CMCO). This group of stocks’ market values match AHP’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BREW 8 7161 8
GERN 5 2535 -6
ADMS 17 115160 2
CMCO 14 65405 -1

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $48 million. That figure was $144 million in AHP’s case. Adamas Pharmaceuticals Inc (NASDAQ:ADMS) is the most popular stock in this table. On the other hand Geron Corporation (NASDAQ:GERN) is the least popular one with only 5 bullish hedge fund positions. Ashford Hospitality Prime Inc (NYSE:AHP) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ADMS might be a better candidate to consider taking a long position in.

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Disclosure: None




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