Let’s check out hedge fund activity in other stocks similar to Cepheid (NASDAQ:CPHD). These stocks are New Gold Inc. (USA) (NYSEAMEX:NGD), Visteon Corp (NYSE:VC), Laredo Petroleum Holdings Inc (NYSE:LPI), and InterOil Corporation (USA) (NYSE:IOC). This group of stocks’ market values resemble CPHD’s market value.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 22 funds with bullish positions and the average amount invested in these stocks was $359 million, compared to $512 million in CPHD’s case. Visteon Corp (NYSE:VC) is the most popular stock in this table. On the other hand New Gold Inc. (USA) (NYSEAMEX:NGD) is the least popular one with only 15 bullish hedge fund positions. Compared to these stocks Cepheid (NASDAQ:CPHD) 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.