Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is ICON plc – Ordinary Shares (ICLR) A Good Stock To Buy?

Page 1 of 2

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on ICON plc – Ordinary Shares (NASDAQ:ICLR).

ICON plc – Ordinary Shares (NASDAQ:ICLR) was in 27 hedge funds’ portfolios at the end of the third quarter of 2015. ICLR has experienced an increase in hedge fund sentiment of late. There were 23 hedge funds in our database with ICLR holdings at the end of the previous quarter. At the end of this article we will also compare ICLR to other stocks including Core Laboratories N.V. (NYSE:CLB), Commerce Bancshares, Inc. (NASDAQ:CBSH), and Brookdale Senior Living, Inc. (NYSE:BKD) to get a better sense of its popularity.

Follow Icon Plc (NASDAQ:ICLR)
Trade (NASDAQ:ICLR) Now!

In the 21st century investor’s toolkit there are tons of metrics market participants have at their disposal to grade their stock investments. A pair of the most innovative metrics are hedge fund and insider trading sentiment. Our researchers have shown that, historically, those who follow the top picks of the best hedge fund managers can beat their index-focused peers by a superb amount (see the details here).

Now, we’re going to take a gander at the new action surrounding ICON plc – Ordinary Shares (NASDAQ:ICLR).

What have hedge funds been doing with ICON plc – Ordinary Shares (NASDAQ:ICLR)?

At the end of the third quarter, a total of 27 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 17% from the previous quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were boosting their holdings substantially (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital has the biggest position in ICON plc – Ordinary Shares (NASDAQ:ICLR), worth close to $42.5 million, accounting for 0.2% of its total 13F portfolio. Sitting at the No. 2 spot is Polar Capital, led by Brian Ashford-Russell and Tim Woolley, holding an $38.4 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Other hedge funds and institutional investors that hold long positions contain Jim Simons’s Renaissance Technologies, Phill Gross and Robert Atchinson’s Adage Capital Management and James Dondero’s Highland Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!