Hedge Funds Are Crazy About Cambrex Corporation (CBM)

Consequently, key money managers were leading the bulls’ herd. AlphaOne Capital Partners, managed by Paul Hondros, established the most valuable position in Cambrex Corporation (NYSE:CBM). AlphaOne Capital Partners had $3.8 million invested in the company at the end of the quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also made a $2.8 million investment in the stock during the quarter. The other funds with brand new CBM positions are Andy Redleaf’s Whitebox Advisors, Peter Muller’s PDT Partners, and D. E. Shaw’s D E Shaw.

Let’s go over hedge fund activity in other stocks similar to Cambrex Corporation (NYSE:CBM). These stocks are Cogent Communications Group, Inc. (NASDAQ:CCOI), Luxoft Holding Inc (NYSE:LXFT), Phibro Animal Health Corp (NASDAQ:PAHC), and Stag Industrial Inc (NYSE:STAG). All of these stocks’ market caps match CBM’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $120 million. That figure was $88 million in CBM’s case. Cogent Communications Group, Inc. (NASDAQ:CCOI) is the most popular stock in this table with 17 funds reporting stakes, while Stag Industrial Inc (NYSE:STAG) is the least popular one. Compared to these stocks Cambrex Corporation (NYSE:CBM) 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.