Is Patheon NV (PTHN) Worthy of Your Portfolio?

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Let’s now review hedge fund activity in other stocks similar to Patheon NV (NYSE:PTHN). These stocks are AmeriGas Partners, L.P. (NYSE:APU), FNFV Group (NYSE:FNFV), Great Plains Energy Incorporated (NYSE:GXP), and Lincoln Electric Holdings, Inc. (NASDAQ:LECO). All of these stocks’ market caps are similar to PTHN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
APU 8 5691 3
FNFV 19 205511 -1
GXP 33 1194270 8
LECO 17 232734 -1

As you can see these stocks had an average of 19 funds with bullish positions and the average amount invested in these stocks was $410 million. That figure was $177 million in PTHN’s case. Great Plains Energy Incorporated (NYSE:GXP) is the most popular stock in this table. On the other hand AmeriGas Partners, L.P. (NYSE:APU) is the least popular one with only eight funds holding shares. Patheon NV (NYSE:PTHN) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Great Plains Energy Incorporated (NYSE:GXP) might be a better candidate to consider taking a long position in.

Disclosure: none

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