What Do Hedge Funds Think Of Lionbridge Technologies, Inc. (LIOX)?

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Consequently, specific money managers have jumped into Lionbridge Technologies, Inc. (NASDAQ:LIOX) headfirst. Citadel Investment Group, managed by Ken Griffin, established the most valuable position in Lionbridge Technologies, Inc. (NASDAQ:LIOX). Citadel Investment Group had $1.1 million invested in the company at the end of the quarter. Douglas T. Granat’s Trigran Investments also initiated an $0.4 million position during the quarter. The other funds with new positions in the stock are Dmitry Balyasny’s Balyasny Asset Management, Matthew Tewksbury’s Stevens Capital Management, and Neil Chriss’s Hutchin Hill Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Lionbridge Technologies, Inc. (NASDAQ:LIOX) but similarly valued. We will take a look at Sorrentto Therapeutics Inc (NASDAQ:SRNE), Amyris Inc (NASDAQ:AMRS), Telenav Inc (NASDAQ:TNAV), and PDF Solutions, Inc. (NASDAQ:PDFS). This group of stocks’ market caps resemble LIOX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SRNE 13 58933 3
AMRS 4 4374 -1
TNAV 16 66295 -4
PDFS 19 56317 5

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 $46 million. That figure was $58 million in LIOX’s case. PDF Solutions, Inc. (NASDAQ:PDFS) is the most popular stock in this table. On the other hand Amyris Inc (NASDAQ:AMRS) is the least popular one with only 4 bullish hedge fund positions. Lionbridge Technologies, Inc. (NASDAQ:LIOX) 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 PDFS might be a better candidate to consider a long position.

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