Do Hedge Funds Love Amarin Corporation plc (ADR) (AMRN)?

As aggregate interest increased, key money managers have jumped into Amarin Corporation plc (ADR) (NASDAQ:AMRN) headfirst. Consonance Capital Management established the biggest position in Amarin Corporation plc (ADR) (NASDAQ:AMRN). Kris Jenner, Gordon Bussard, Graham McPhail’s Rock Springs Capital Management also made a $15.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Thomas Steyer’s Farallon Capital, James Dondero’s Highland Capital Management, and Joseph Edelman’s Perceptive Advisors.

Let’s go over hedge fund activity in other stocks similar to Amarin Corporation plc (ADR) (NASDAQ:AMRN). We will take a look at TETRA Technologies, Inc. (NYSE:TTI), Ashford Hospitality Trust, Inc. (NYSE:AHT), Great Southern Bancorp, Inc. (NASDAQ:GSBC), and Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP). This group of stocks’ market values are closest to AMRN’s market value.

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 $37 million. That figure was $222 million in AMRN’s case. TETRA Technologies, Inc. (NYSE:TTI) is the most popular stock in this table. On the other hand Great Southern Bancorp, Inc. (NASDAQ:GSBC) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Amarin Corporation plc (ADR) (NASDAQ:AMRN) 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.

Disclosure: None