Is Keryx Biopharmaceuticals (KERX) Going to Burn These Hedge Funds?

Keryx Biopharmaceuticals (NASDAQ:KERX) was in 6 hedge funds’ portfolio at the end of December. KERX investors should pay attention to a decrease in support from the world’s most elite money managers of late. There were 7 hedge funds in our database with KERX positions at the end of the previous quarter.

In the 21st century investor’s toolkit, there are a multitude of metrics investors can use to analyze their holdings. A duo of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite money managers can trounce the S&P 500 by a solid amount (see just how much).

Keryx Biopharmaceuticals (NASDAQ:KERX)

Just as key, bullish insider trading activity is another way to break down the stock market universe. Just as you’d expect, there are lots of reasons for an insider to sell shares of his or her company, but only one, very clear reason why they would behave bullishly. Many academic studies have demonstrated the useful potential of this tactic if you understand what to do (learn more here).

With all of this in mind, we’re going to take a glance at the recent action encompassing Keryx Biopharmaceuticals (NASDAQ:KERX).

What does the smart money think about Keryx Biopharmaceuticals (NASDAQ:KERX)?

Heading into 2013, a total of 6 of the hedge funds we track held long positions in this stock, a change of -14% from the third quarter. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were boosting their stakes significantly.

According to our comprehensive database, Joseph Edelman’s Perceptive Advisors had the largest position in Keryx Biopharmaceuticals (NASDAQ:KERX), worth close to $3 million, accounting for 0.5% of its total 13F portfolio. Coming in second is Israel Englander of Millennium Management, with a $0.7 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedge funds that hold long positions include D. E. Shaw’s D E Shaw, and Cliff Asness’s AQR Capital Management.

Since Keryx Biopharmaceuticals (NASDAQ:KERX) has faced falling interest from the aggregate hedge fund industry, we can see that there were a few hedge funds that slashed their positions entirely at the end of the year. Intriguingly, John Burbank’s Passport Capital cut the largest position of the “upper crust” of funds we monitor, worth about $1.4 million in stock.. Chuck Royce’s fund, Royce & Associates, also cut its stock, about $0.7 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 1 funds at the end of the year.

How are insiders trading Keryx Biopharmaceuticals (NASDAQ:KERX)?

Insider buying is most useful when the company in question has experienced transactions within the past 180 days. Over the last half-year time period, Keryx Biopharmaceuticals (NASDAQ:KERX) has seen zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Keryx Biopharmaceuticals (NASDAQ:KERX). These stocks are Astex Pharmaceuticals, Inc. (NASDAQ:ASTX), Kythera Biopharmaceuticals Inc (NASDAQ:KYTH), Endocyte, Inc. (NASDAQ:ECYT), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), and Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL). This group of stocks are in the drug manufacturers – major industry and their market caps resemble KERX’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) 9 0 3
Kythera Biopharmaceuticals Inc (NASDAQ:KYTH) 8 0 0
Endocyte, Inc. (NASDAQ:ECYT) 7 1 3
Intercept Pharmaceuticals Inc (NASDAQ:ICPT) 6 3 0
Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) 15 0 0

With the returns exhibited by the aforementioned tactics, retail investors should always monitor hedge fund and insider trading sentiment, and Keryx Biopharmaceuticals (NASDAQ:KERX) is no exception.

Click here to learn why you should track hedge funds

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!