Hedge Funds Are Betting On Radius Health Inc (RDUS)

As aggregate interest increased, specific money managers have been driving this bullishness. Tourbillon Capital Partners, managed by Jason Karp, created the most valuable call position in Radius Health Inc (NASDAQ:RDUS). Tourbillon Capital Partners had $33 million invested in the company at the end of the quarter. Nick Niell’s Arrowgrass Capital Partners also initiated a $32.3 million position during the quarter. The following funds were also among the new RDUS investors: Zach Schreiber’s Point State Capital, Steve Cohen’s Point72 Asset Management, and Joseph Edelman’s Perceptive Advisors.

Let’s go over hedge fund activity in other stocks similar to Radius Health Inc (NASDAQ:RDUS). These stocks are Enerplus Corp (USA) (NYSE:ERF), Forum Energy Technologies Inc (NYSE:FET), Harmony Gold Mining Co. (ADR) (NYSE:HMY), and Argo Group International Holdings, Ltd. (NASDAQ:AGII). This group of stocks’ market valuations resemble RDUS’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ERF 21 89116 7
FET 16 79616 3
HMY 7 28646 -4
AGII 13 101675 -5

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $75 million. That figure was an impressive $555 million in RDUS’s case. Enerplus Corp (USA) (NYSE:ERF) is the most popular stock in this table. On the other hand Harmony Gold Mining Co. (ADR) (NYSE:HMY) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Radius Health Inc (NASDAQ:RDUS) 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.