Here is What Hedge Funds Think About Geron Corporation (GERN)

Seeing as Geron Corporation (NASDAQ:GERN) has faced a declination in interest from the smart money, logic holds that there exist a select few hedge funds that decided to sell off their positions entirely heading into Q4. Intriguingly, Jim Simons’s Renaissance Technologies cut the biggest position of the 700 funds monitored by Insider Monkey, totaling close to $6.4 million in stock, and David Costen Haley’s HBK Investments was right behind this move, as the fund sold off about $0.1 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s check out hedge fund activity in other stocks similar to Geron Corporation (NASDAQ:GERN). These stocks are Lindblad Expeditions Holdings Inc (NASDAQ:LIND), Fairmount Santrol Holdings Inc (NYSE:FMSA), Fogo de Chao Inc (NASDAQ:FOGO), and Beazer Homes USA, Inc. (NYSE:BZH). This group of stocks’ market valuations are closest to GERN’s market valuation.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $56 million. That figure was $14 million in GERN’s case. Beazer Homes USA, Inc. (NYSE::BZH) is the most popular stock in this table, while Fairmount Santrol Holdings Inc (NYSE:FMSA) is the least popular one with only 7 bullish hedge fund positions. Geron Corporation (NASDAQ:GERN) is not the least popular stock in this group, but still has not attracted much attention from investors. This is a slightly negative signal, and we’d rather spend our time researching stocks that hedge funds are collectively the fondest of, such as BZH in this particular case.