Hedge Funds Are Buying Lantheus Holdings Inc (LNTH)

Now, key money managers were breaking ground themselves. Marshall Wace LLP created the most valuable position in Lantheus Holdings Inc (NASDAQ:LNTH), followed by Robert B. Gillam’s McKinley Capital Management, which initiated a $2 million position during the quarter. The following funds were also among the new LNTH investors: Mike Vranos’s Ellington, Joseph Edelman’s Perceptive Advisors, and Joshua Packwood and Schuster Tanger’s Radix Partners.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Lantheus Holdings Inc (NASDAQ:LNTH) but similarly valued. These stocks are Celadon Group, Inc. (NYSE:CGI), Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC), Landcadia Holdings Inc. (NASDAQ:LCAHU), and Easterly Acquisition Corp (NASDAQ:EACQ). This group of stocks’ market values are similar to LNTH’s market value.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $65 million. That figure was $16 million in LNTH’s case. Landcadia Holdings Inc. (NASDAQ:LCAHU) is the most popular stock in this table. On the other hand Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) is the least popular one with only 6 bullish hedge fund positions. Lantheus Holdings Inc (NASDAQ:LNTH) 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 LCAHU might be a better candidate to consider taking a long position in.

Disclosure: none.