Is Grifols SA, Barcelona (GRFS) A Good Stock To Buy?

Consequently, key hedge funds were breaking ground themselves. Highbridge Capital Management, managed by Glenn Russell Dubin, initiated the most outsized position in Grifols SA, Barcelona (NASDAQ:GRFS). Highbridge Capital Management had $3.9 million invested in the company at the end of the quarter. Steve Cohen’s Point72 Asset Management also initiated a $2.6 million position during the quarter. The only other fund with a brand new GRFS position is Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Grifols SA, Barcelona (NASDAQ:GRFS) but similarly valued. These stocks are Lam Research Corporation (NASDAQ:LRCX), Jarden Corp (NYSE:JAH), Ameren Corp (NYSE:AEE), and Alcatel Lucent SA (ADR) (NYSE:ALU). All of these stocks’ market caps are similar to GRFS’s market cap.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $767 million. That figure was $648 million in GRFS’s case. Lam Research Corporation (NASDAQ:LRCX) is the most popular stock in this table, while Alcatel Lucent SA (ADR) (NYSE:ALU) is the least popular one with only 11 bullish hedge fund positions. Grifols SA, Barcelona (NASDAQ:GRFS) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard LRCX might be a better candidate to consider a long position.