Qiagen NV (QGEN) Hedge Funds Are Snapping Up

Now, some big names were leading the bulls’ herd. Senator Investment Group, led by Doug Silverman and Alexander Klabin, established the most valuable position in Qiagen NV (NASDAQ:QGEN). Senator Investment Group had $27.4 million invested in the company at the end of the quarter. Paul Sinclair’s Blue Jay Capital Management also made a $8.2 million investment in the stock during the quarter. The other funds with brand new QGEN positions are Crispin Odey’s Odey Asset Management Group, Steve Cohen’s Point72 Asset Management, and Ken Greenberg and David Kim’s Ghost Tree Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Qiagen NV (NASDAQ:QGEN) but similarly valued. These stocks are Dicks Sporting Goods Inc (NYSE:DKS), Kilroy Realty Corp (NYSE:KRC), Spirit Realty Capital Inc (NYSE:SRC), and Rollins, Inc. (NYSE:ROL). This group of stocks’ market valuations are similar to QGEN’s market valuation.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $398 million. That figure was $301 million in QGEN’s case. Dicks Sporting Goods Inc (NYSE:DKS) is the most popular stock in this table. On the other hand Rollins, Inc. (NYSE:ROL) is the least popular one with only 11 bullish hedge fund positions. Qiagen NV (NASDAQ:QGEN) 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 DKS might be a better candidate to consider taking a long position in.

Disclosure: None