What do Hedge Funds Think of Haemonetics Corporation (HAE)?

Page 2 of 2

Now, specific money managers have jumped into Haemonetics Corporation (NYSE:HAE) headfirst. D E Shaw, managed by D. E. Shaw, initiated the largest position in Haemonetics Corporation (NYSE:HAE). D E Shaw had $1.7 million invested in the company at the end of the quarter. Ken Gray and Steve Walsh’s Bryn Mawr Capital also initiated a $0.6 million position during the quarter.

Let’s now review hedge fund activity in other stocks similar to Haemonetics Corporation (NYSE:HAE). These stocks are Yelp Inc (NYSE:YELP), Knowles Corp (NYSE:KN), 51job, Inc. (ADR) (NASDAQ:JOBS), and National Bank of Greece (ADR) (NYSE:NBG). This group of stocks’ market values are closest to HAE’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
YELP 27 516225 -17
KN 13 156457 -3
JOBS 7 6807 0
NBG 5 9562 -6

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $172 million. That figure was $40 million in HAE’s case. Yelp Inc (NYSE:YELP) is the most popular stock in this table. On the other hand National Bank of Greece (ADR) (NYSE:NBG) is the least popular one with only 5 bullish hedge fund positions. Haemonetics Corporation (NYSE:HAE) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard YELP might be a better candidate to consider a long position.

Page 2 of 2