Here is What Hedge Funds Think About AC Immune Ltd (ACIU)

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Let’s check out hedge fund activity in other stocks similar to AC Immune Ltd (NASDAQ:ACIU). These stocks are Archrock Inc (NYSE:AROC), Ply Gem Holdings Inc (NYSE:PGEM), Kulicke and Soffa Industries Inc. (NASDAQ:KLIC), and Wabash National Corporation (NYSE:WNC). This group of stocks’ market caps are similar to ACIU’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AROC 18 176109 2
PGEM 18 60853 3
KLIC 18 93683 -5
WNC 18 57722 -1

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $97 million. That figure was $48 million in ACIU’s case. Archrock Inc (NYSE:AROC) is the most popular stock in this table. On the other hand Archrock Inc (NYSE:AROC) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks AC Immune Ltd (NASDAQ:ACIU) is even less popular than AROC. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None

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