Does aTyr Pharma Inc (LIFE) Stack Up Against Its Peers?

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As one would reasonably expect, some big names have jumped into aTyr Pharma Inc. (NASDAQ:LIFE) headfirst. Jim Simons’ Renaissance Technologies assembled the most outsized position in Life Technologies Corp. (NASDAQ:LIFE). Renaissance Technologies had $0.2 million invested in the company at the end of the third quarter.

Let’s check out hedge fund activity in other stocks similar to aTyr Pharma Inc. (NASDAQ:LIFE). We will take a look at UniPixel Inc (NASDAQ:UNXL), Sito Mobile Ltd (NASDAQ:SITO), Galena Biopharma Inc (NASDAQ:GALE), and Alliance HealthCare Services, Inc. (NASDAQ:AIQ). All of these stocks’ market caps resemble LIFE’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
UNXL 4 722 0
SITO 5 2871 5
GALE 7 687 1
AIQ 4 5400 0

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $2 million. That figure was $6 million in LIFE’s case. Galena Biopharma Inc (NASDAQ:GALE) is the most popular stock in this table. On the other hand UniPixel Inc (NASDAQ:UNXL) is the least popular one with only 4 bullish hedge fund positions. aTyr Pharma Inc. (NASDAQ:LIFE) 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 GALE might be a better candidate to consider taking a long position in.

Disclosure: None

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