Hedge Funds Are Selling Curis, Inc. (CRIS)

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dropped their positions entirely. Intriguingly, Jean-Marie Eveillard’s First Eagle Investment Management dropped the biggest stake of all the investors watched by Insider Monkey, valued at about $37.5 million in stock, and Julian Baker and Felix Baker’s Baker Bros. Advisors was right behind this move, as the fund said goodbye to about $3.1 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Curis, Inc. (NASDAQ:CRIS) but similarly valued. We will take a look at Fred’s, Inc. (NASDAQ:FRED), NII Holdings, Inc. (NASDAQ:NIHD), NV5 Holdings Inc (NASDAQ:NVEE), and Sinovac Biotech Ltd. (NASDAQ:SVA). This group of stocks’ market caps resemble CRIS’s market cap.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $27 million. That figure was $14 million in CRIS’s case. NII Holdings, Inc. (NASDAQ:NIHD) is the most popular stock in this table. On the other hand Fred’s, Inc. (NASDAQ:FRED) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Curis, Inc. (NASDAQ:CRIS) 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