Theravance Inc (THRX): Here’s One Thing To Know About The Stock Today

Page 1 of 2

Theravance Inc (NASDAQ:THRX) has experienced a decrease in support from the world’s most elite money managers of late, but insiders on the whole appear bullish. More importantly, shares of Theravance are up more than 18% today on the hope of a fruitful FDA decision later this week. With that in mind, it’s important to look at how hedge funds and insiders have been trading it of late.

Theravance Inc (NASDAQ:THRX)To the average investor, there are tons of methods investors can use to watch their holdings. Two of the most useful are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite hedge fund managers can outpace the market by a solid amount (see just how much).

Just as integral, optimistic insider trading activity is another way to break down the stock market universe. As the old adage goes: there are a variety of incentives for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many academic studies have demonstrated the valuable potential of this tactic if investors know where to look (learn more here).

With these “truths” under our belt, we’re going to take a look at the key action surrounding Theravance Inc (NASDAQ:THRX).

How are hedge funds trading Theravance Inc (NASDAQ:THRX)?

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 -23% from the third quarter. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes substantially.

Of the funds we track, Baupost Group, managed by Seth Klarman, holds the most valuable position in Theravance Inc (NASDAQ:THRX). Baupost Group has a $301.4 million position in the stock, comprising 9.7% of its 13F portfolio. Sitting at the No. 2 spot is David Cohen and Harold Levy of Iridian Asset Management, with a $71.4 million position; the fund has 1.2% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Jerome Pfund and Michael Sjostrom’s Sectoral Asset Management, Jamie Zimmerman’s Litespeed Management and Jean-Marie Eveillard’s First Eagle Investment Management.

Because Theravance Inc (NASDAQ:THRX) has faced a declination in interest from the aggregate hedge fund industry, we can see that there were a few hedgies who were dropping their positions entirely heading into 2013. Interestingly, John Overdeck and David Siegel’s Two Sigma Advisors dropped the biggest investment of the “upper crust” of funds we track, totaling about $0.8 million in stock., and Cliff Asness of AQR Capital Management was right behind this move, as the fund said goodbye to about $0.6 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest dropped by 3 funds heading into 2013.

How are insiders trading Theravance Inc (NASDAQ:THRX)?

Insider trading activity, especially when it’s bullish, is best served when the company we’re looking at has seen transactions within the past 180 days. Over the last six-month time period, Theravance Inc (NASDAQ:THRX) has experienced 1 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Theravance Inc (NASDAQ:THRX). These stocks are Incyte Corporation (NASDAQ:INCY), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Questcor Pharmaceuticals Inc (NASDAQ:QCOR), Charles River Laboratories (NYSE:CRL), and Infinity Pharmaceuticals Inc. (NASDAQ:INFI). All of these stocks are in the biotechnology industry and their market caps are closest to THRX’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

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!