Opko Health Inc. (OPK): Are Hedge Funds Right About This Stock? – Align Technology, Inc. (ALGN), STERIS Corp (STE)

Page 1 of 2

Is Opko Health Inc. (NYSE:OPK) a bargain? The best stock pickers are turning less bullish. The number of long hedge fund bets stayed the same which is a slightly negative development in our experience

Opko Health Inc. (NYSE:OPK)

In the 21st century investor’s toolkit, there are a multitude of metrics investors can use to track publicly traded companies. A couple of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top fund managers can beat the broader indices by a significant margin (see just how much).

Just as key, bullish insider trading sentiment is a second way to break down the world of equities. There are many incentives for an executive to downsize shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Several empirical studies have demonstrated the market-beating potential of this strategy if you know where to look (learn more here).

With these “truths” under our belt, let’s take a gander at the key action encompassing Opko Health Inc. (NYSE:OPK).

What does the smart money think about Opko Health Inc. (NYSE:OPK)?

At the end of the fourth quarter, a total of 10 of the hedge funds we track were bullish in this stock, a change of 0% from the third quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their stakes considerably.

When looking at the hedgies we track, Highfields Capital Management, managed by Jonathon Jacobson, holds the biggest position in Opko Health Inc. (NYSE:OPK). Highfields Capital Management has a $8 million position in the stock, comprising 0.1% of its 13F portfolio. Sitting at the No. 2 spot is JANA Partners, managed by Barry Rosenstein, which held a $6 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Remaining hedge funds that are bullish include Mark Kingdon’s Kingdon Capital, Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s GRT Capital Partners and D. E. Shaw’s D E Shaw.

Since Opko Health Inc. (NYSE:OPK) has experienced declining sentiment from the aggregate hedge fund industry, logic holds that there were a few money managers that elected to cut their full holdings in Q4. Intriguingly, Peter J. Eichler Jr.’s Aletheia Research and Management cut the biggest investment of the 450+ funds we watch, comprising close to $28 million in stock.. Matt Sirovich and Jeremy Mindich’s fund, Scopia Capital, also dropped its stock, about $1 million worth. These transactions are intriguing to say the least, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about Opko Health Inc. (NYSE:OPK)?

Insider trading activity, especially when it’s bullish, is best served when the primary stock in question has experienced transactions within the past 180 days. Over the last 180-day time period, Opko Health Inc. (NYSE:OPK) has seen 3 unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Opko Health Inc. (NYSE:OPK). These stocks are Sirona Dental Systems, Inc. (NASDAQ:SIRO), Mine Safety Appliances (NYSE:MSA), Align Technology, Inc. (NASDAQ:ALGN), STERIS Corp (NYSE:STE), and Techne Corporation (NASDAQ:TECH). All of these stocks are in the medical appliances & equipment industry and their market caps resemble OPK’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 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

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

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!