What Hedge Funds Think About Uniqure NV (QURE)?

Since Uniqure NV (NASDAQ:QURE) has sustained bearish sentiment from the aggregate hedge fund industry, it’s safe to say that there exists a select few money managers who sold off their entire stakes in the third quarter. At the top of the heap, John Burbank’s Passport Capital said goodbye to the biggest investment of all the investors tracked by Insider Monkey, worth close to $2.7 million in stock. Jerome Pfund and Michael Sjostrom’s fund, Sectoral Asset Management, also sold off its stock, about $2.6 million worth.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Uniqure NV (NASDAQ:QURE) but similarly valued. These stocks are Kirkland’s, Inc. (NASDAQ:KIRK), HC2 Holdings Inc (NYSEMKT:HCHC), Sterling Construction Company, Inc. (NASDAQ:STRL), and Lifetime Brands Inc (NASDAQ:LCUT). This group of stocks’ market values resemble QURE’s market value.

As you can see these stocks had an average of eight hedge funds with bullish positions and the average amount invested in these stocks was $22 million. That figure was $25 million in QURE’s case. Kirkland’s, Inc. (NASDAQ:KIRK) is the most popular stock in this table. On the other hand Lifetime Brands Inc (NASDAQ:LCUT) is the least popular one with only three bullish hedge fund positions. Compared to these stocks Uniqure NV (NASDAQ:QURE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None