Is Regeneron Pharmaceuticals Inc (NASDAQ:REGN) a good investment?
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Equally as useful, positive insider trading activity is a second way to look at the financial markets. Obviously, there are many motivations for an executive to cut shares of his or her company, but just one, very clear reason why they would buy. Various empirical studies have demonstrated the valuable potential of this tactic if shareholders understand what to do (learn more here).
What’s more, it’s important to discuss the recent info for Regeneron Pharmaceuticals Inc (NASDAQ:REGN).
What have hedge funds been doing with Regeneron Pharmaceuticals Inc (NASDAQ:REGN)?
At the end of the second quarter, a total of 33 of the hedge funds we track were long in this stock, a change of 50% from the previous quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings substantially.
When using filings from the hedgies we track, Donald Chiboucis’s Columbus Circle Investors had the largest position in Regeneron Pharmaceuticals Inc (NASDAQ:REGN), worth close to $96.1 million, comprising 0.8% of its total 13F portfolio. The second largest stake is held by Samuel Isaly of OrbiMed Advisors, with a $79 million position; 1.7% of its 13F portfolio is allocated to the company. Some other hedge funds that are bullish include D. E. Shaw’s D E Shaw, Phill Gross and Robert Atchinson’s Adage Capital Management and Jerome Pfund and Michael Sjostrom’s Sectoral Asset Management.
Consequently, certain money managers were leading the bulls’ herd. Columbus Circle Investors, managed by Donald Chiboucis, initiated the largest position in Regeneron Pharmaceuticals Inc (NASDAQ:REGN). Columbus Circle Investors had 96.1 million invested in the company at the end of the quarter. Samuel Isaly’s OrbiMed Advisors also made a $79 million investment in the stock during the quarter. The following funds were also among the new REGN investors: D. E. Shaw’s D E Shaw, Phill Gross and Robert Atchinson’s Adage Capital Management, and Jerome Pfund and Michael Sjostrom’s Sectoral Asset Management.
What have insiders been doing with Regeneron Pharmaceuticals Inc (NASDAQ:REGN)?
Legal insider trading, particularly when it’s bullish, is particularly usable when the primary stock in question has seen transactions within the past half-year. Over the latest 180-day time frame, Regeneron Pharmaceuticals Inc (NASDAQ:REGN) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Regeneron Pharmaceuticals Inc (NASDAQ:REGN). These stocks are Biogen Idec Inc. (NASDAQ:BIIB), Illumina, Inc. (NASDAQ:ILMN), BioMarin Pharmaceutical Inc. (NASDAQ:BMRN), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), and Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN). This group of stocks are the members of the biotechnology industry and their market caps are closest to REGN’s market cap.