Here is What Hedge Funds Have To Say About USANA Health Sciences, Inc. (USNA)

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As one would reasonably expect, specific money managers were leading the bulls’ herd. Marshall Wace LLP created the most valuable position in USANA Health Sciences, Inc. (NYSE:USNA). Marshall Wace LLP had $4 million invested in the company at the end of the quarter. Paul Tudor Jones’ Tudor Investment Corp also made a $0.4 million investment in the stock during the quarter.

Let’s go over hedge fund activity in other stocks similar to USANA Health Sciences, Inc. (NYSE:USNA). These stocks are Portola Pharmaceuticals Inc (NASDAQ:PTLA), Actuant Corporation (NYSE:ATU), The E.W. Scripps Company (NYSE:SSP), and Apogee Enterprises, Inc. (NASDAQ:APOG). This group of stocks’ market values are closest to USNA’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PTLA 15 236123 -2
ATU 16 248461 7
SSP 10 175000 2
APOG 14 71670 1

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $183 million. That figure was $142 million in USNA’s case. Actuant Corporation (NYSE:ATU) is the most popular stock in this table. On the other hand The E.W. Scripps Company (NYSE:SSP) is the least popular one with only 10 bullish hedge fund positions. USANA Health Sciences, Inc. (NYSE:USNA) 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 ATU might be a better candidate to consider taking a long position in.

Disclosure: None

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