James Flynn, Deerfield Management Step Up Interest In Alphatec Holdings Inc (ATEC)

James E. Flynn, the manager of Deerfield Management, is bullish on Alphatec Holdings Inc (NASDAQ:ATEC). According to a recent filing with the Securities and Exchange Commission, Deerfield and Flynn have increased their stake in the company to 14.2 million shares, 3.98 million of which are shares and the rest are warrants to purchase 10.25 million shares of common stock. In aggregate, this position accounts for 9.98% of the total number of shares outstanding.

Ken Griffin is also very optimistic about the prospects of Alphatec Holdings Inc (NASDAQ:ATEC), having increased his fund’s stake by 556% during the previous quarter. Citadel Investment Group reported the ownership of approximately 35,100 shares valued at $70,000. Jim Simmons has, on the other hand, decided to reduce his fund’s exposure to this stock by 34%. As a result, Renaissance Technologies is left with 58,300 shares reportedly worth $117,000.

Alphatec Holdings Inc (NASDAQ:ATEC)

Alphatec Holdings Inc (NASDAQ:ATEC) engages in the production of products for surgical treatment of spine disorders. The company has a market cap of $146 million and does not pay a dividend. The stock has been trending sideways for a couple of years already and has fallen 25% so far in 2014 to a current price of $1.5 per share. For the three months ending December 31, 2013, Alphatec posted revenues of $53 million and a loss per share of $0.28, a significant widening from the loss of $0.06 reported for the same period of 2012. Analysts expect the company to register revenues of $51 million, for the current quarter, and a loss per share of $0.03. The stock is mainly touted as a Buy and Strong Buy.

Flynn is a big fan of healthcare companies, which occupy a significant chunk of its equity portfolio. During the fourth quarter of 2013, Deerfield Management has increased its holding of Auxilium Pharmaceuticals, Inc.(NASDAQ:AUXL) by 65% to 4.11 million shares valued at $85.2 million. Flynn has also massively increased his investment in Questcor Pharmaceuticals Inc (NASDAQ:QCOR) – up 544% to 1.5 million shares reportedly worth in excess of $82 million.

Disclosure: none.

Recommended reading:

Deerfield Management Boosts Its Stake in OvaScience Inc (OVAS)

Deerfield Management Further Raises Its Position in Auspex Pharmaceuticals Inc (ASPX)

Deerfield Management Adds Cara Therapeutics Inc. (CARA) To Its Equity Portfolio

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

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

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

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!