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 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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered 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!