Oncothyreon Inc (USA) (ONTY): Are Hedge Funds Right About This Stock?

Page 1 of 2

Oncothyreon Inc (USA) (NASDAQ:ONTY)Oncothyreon Inc (USA) (NASDAQ:ONTY) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. ONTY shareholders have witnessed a decrease in hedge fund interest recently. There were 10 hedge funds in our database with ONTY positions at the end of the previous quarter.

In today’s marketplace, there are a multitude of indicators market participants can use to track publicly traded companies. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outpace the S&P 500 by a significant amount (see just how much).

Just as key, positive insider trading activity is another way to parse down the marketplace. There are plenty of reasons for an insider to sell shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the impressive potential of this tactic if shareholders know where to look (learn more here).

Now, let’s take a peek at the key action surrounding Oncothyreon Inc (USA) (NASDAQ:ONTY).

How have hedgies been trading Oncothyreon Inc (USA) (NASDAQ:ONTY)?

In preparation for this year, a total of 9 of the hedge funds we track held long positions in this stock, a change of -10% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their stakes considerably.

According to our comprehensive database, Andreas Halvorsen’s Viking Global had the biggest position in Oncothyreon Inc (USA) (NASDAQ:ONTY), worth close to $6.5 million, comprising less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is Phill Gross and Robert Atchinson of Adage Capital Management, with a $1.8 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Kevin Kotler’s Broadfin Capital, D. E. Shaw’s D E Shaw and Jay Venkatesen’s Ayer Capital Management.

Since Oncothyreon Inc (USA) (NASDAQ:ONTY) has faced falling interest from hedge fund managers, it’s safe to say that there were a few money managers that decided to sell off their positions entirely last quarter. It’s worth mentioning that Jay Venkatesen’s Ayer Capital Management dumped the largest investment of the 450+ funds we key on, worth about $11.3 million in stock., and Samuel Isaly of OrbiMed Advisors was right behind this move, as the fund said goodbye to about $7.8 million worth. These moves are important to note, as total hedge fund interest fell by 1 funds last quarter.

What do corporate executives and insiders think about Oncothyreon Inc (USA) (NASDAQ:ONTY)?

Bullish insider trading is best served when the company in question has experienced transactions within the past 180 days. Over the last six-month time period, Oncothyreon Inc (USA) (NASDAQ:ONTY) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Oncothyreon Inc (USA) (NASDAQ:ONTY). These stocks are Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), Cell Therapeutics Inc (NASDAQ:CTIC), NeoStem Inc (NYSEAMEX:NBS), and Biota Pharmaceuticals Inc (NASDAQ:BOTA). This group of stocks are in the biotechnology industry and their market caps are closest to ONTY’s market cap.

Page 1 of 2
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 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

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs 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!