Hedge Funds Are Piling Into Ultratech, Inc. (UTEK): What’s Behind The 55% Surge in Ownership?

As aggregate interest increased, key hedge funds were breaking ground themselves. Marshall Wace LLP, led by Paul Marshall and Ian Wace, established the biggest position in Ultratech, Inc. (NASDAQ:UTEK). Marshall Wace LLP had $2 million invested in the company at the end of the quarter. David Costen Haley’s HBK Investments also made a $0.7 million investment in the stock during the quarter. The following funds were also among the new UTEK investors: Glenn Russell Dubin’s Highbridge Capital Management, Paul Tudor Jones’ Tudor Investment Corp, and Neil Chriss’ Hutchin Hill Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Ultratech, Inc. (NASDAQ:UTEK) but similarly valued. We will take a look at tronc Inc (NASDAQ:TRNC), Radware Ltd. (NASDAQ:RDWR), Atara Biotherapeutics Inc (NASDAQ:ATRA), and Cedar Realty Trust Inc (NYSE:CDR). All of these stocks’ market caps are similar to UTEK’s market cap.

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 $143 million. That figure was $139 million in UTEK’s case. tronc Inc (NASDAQ:TRNC) is the most popular stock in this table. On the other hand Cedar Realty Trust Inc (NYSE:CDR) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Ultratech, Inc. (NASDAQ:UTEK) 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