Hologic, Inc. (HOLX): Are Hedge Funds Right About This Stock?

Page 1 of 2

In the 21st century investor’s toolkit, there are many indicators market participants can use to watch stocks. A couple of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can beat their index-focused peers by a significant margin (see just how much).

Just as crucial, bullish insider trading sentiment is another way to look at the world of equities. Obviously, there are many motivations for an upper level exec to get rid of shares of his or her company, but just one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this method if shareholders understand where to look (learn more here).

Now that that’s out of the way, it’s important to study the newest info surrounding Hologic, Inc. (NASDAQ:HOLX).

Hologic, Inc. (NASDAQ:HOLX)

Hedge fund activity in Hologic, Inc. (NASDAQ:HOLX)

Heading into Q3, a total of 34 of the hedge funds we track held long positions in this stock, a change of 3% from the first quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings significantly.

Out of the hedge funds we follow, Osterweis Capital Management, managed by John Osterweis, holds the biggest position in Hologic, Inc. (NASDAQ:HOLX). Osterweis Capital Management has a $65.1 million position in the stock, comprising 2.4% of its 13F portfolio. Sitting at the No. 2 spot is Sectoral Asset Management, managed by Jerome Pfund and Michael Sjostrom, which held a $51.3 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include Stephen DuBois’s Camber Capital Management, Curtis Macnguyen’s Ivory Capital (Investment Mgmt) and Jacob Doft’s Highline Capital Management.

Consequently, particular hedge funds have been driving this bullishness. Soros Fund Management, managed by George Soros, initiated the most valuable position in Hologic, Inc. (NASDAQ:HOLX). Soros Fund Management had 220.2 million invested in the company at the end of the quarter. John Osterweis’s Osterweis Capital Management also initiated a $65.1 million position during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, JΘr⌠me Pfund and Michael Sj÷str÷m’s Sectoral Asset Management, and James E. Flynn’s Deerfield Management.

How have insiders been trading Hologic, Inc. (NASDAQ:HOLX)?

Insider buying is at its handiest when the company in focus has seen transactions within the past 180 days. Over the latest half-year time period, Hologic, Inc. (NASDAQ:HOLX) has experienced zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Hologic, Inc. (NASDAQ:HOLX). These stocks are Smith & Nephew plc (ADR) (NYSE:SNN), Edwards Lifesciences Corp (NYSE:EW), Sirona Dental Systems, Inc. (NASDAQ:SIRO), Varian Medical Systems, Inc. (NYSE:VAR), and ResMed Inc. (NYSE:RMD). This group of stocks belong to the medical appliances & equipment industry and their market caps are similar to HOLX’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!