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Hedge Funds Are Buying Cambrex Corporation (CBM)

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, created the largest position in Cambrex Corporation (NYSE:CBM). Marshall Wace LLP had $6.1 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $2.2 million position during the quarter. The following funds were also among the new CBM investors: David Costen Haley’s HBK Investments, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now review hedge fund activity in other stocks similar to Cambrex Corporation (NYSE:CBM). These stocks are Insperity Inc (NYSE:NSP), Avon Products, Inc. (NYSE:AVP), South State Corporation (NASDAQ:SSB), and Cooper Tire & Rubber Company (NYSE:CTB). All of these stocks’ market caps are closest to CBM’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NSP 18 196413 -2
AVP 26 375467 1
SSB 11 46544 -3
CTB 21 142385 -1

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $190 million. That figure was just $47 million in CBM’s case. Avon Products, Inc. (NYSE:AVP) is the most popular stock in this table. On the other hand South State Corporation (NASDAQ:SSB) is the least popular one with only 11 bullish hedge fund positions. Cambrex Corporation (NYSE:CBM) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AVP might be a better candidate to consider a long position.

Disclosure: none.

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