Hedge Funds Are Buying Monster Worldwide, Inc. (MWW)

Now, specific money managers were leading the bulls’ herd. Jericho Capital Asset Management, led by Josh Resnick, assembled the most valuable position in Monster Worldwide, Inc. (NYSE:MWW). Jericho Capital Asset Management had $9.8 million invested in the company at the end of the quarter. John Paulson’s Paulson & Co also made a $7.2 million investment in the stock during the quarter. The following funds were also among the new MWW investors: Robert Emil Zoellner’s Alpine Associates, Stephen Loukas, David A. Lorber, Zachary George’s FrontFour Capital Group, and Mario Gabelli’s GAMCO Investors.

Let’s check out hedge fund activity in other stocks similar to Monster Worldwide, Inc. (NYSE:MWW). We will take a look at Nova Measuring Instruments Ltd. (NASDAQ:NVMI), Voyager Therapeutics Inc (NASDAQ:VYGR), BioSpecifics Technologies Corp. (NASDAQ:BSTC), and Compugen Ltd. (USA) (NASDAQ:CGEN). This group of stocks’ market caps match MWW’s market cap.

As you can see these stocks had an average of 5.5 hedge funds with bullish positions and the average amount invested in these stocks was $32 million. That figure was $50 million in MWW’s case. Voyager Therapeutics Inc (NASDAQ:VYGR) is the most popular stock in this table. On the other hand Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Monster Worldwide, Inc. (NYSE:MWW) 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.

Suggested Articles:
Most Successful Investors In The World
Best Political Documentaries On Netflix
Most Racist Countries In Europe

Disclosure: None