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

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 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

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

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!