Here is What Hedge Funds Think About HeartWare International Inc (HTWR)

As aggregate interest increased, specific money managers have jumped into HeartWare International Inc (NASDAQ:HTWR) headfirst. Point72 Asset Management initiated the biggest position in HeartWare International Inc (NASDAQ:HTWR). Broadfin Capital also made a $12.5 million investment in the stock during the quarter. The other funds with brand new HTWR positions are Glenn W. Welling’s Engaged Capital, James E. Flynn’s Deerfield Management, and Ken Greenberg and David Kim’s Ghost Tree Capital.

Let’s now take a look at hedge fund activity in other stocks similar to HeartWare International Inc (NASDAQ:HTWR). These stocks are Golar LNG Partners LP (NASDAQ:GMLP), Rouse Properties Inc (NYSE:RSE), Babcock & Wilcox Enterprises Inc (NYSE:BW), and Starwood Waypoint Residential Trust (NYSE:SWAY). This group of stocks’ market caps are similar to HTWR’s market cap.

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 $184 million. That figure was $216 million in HTWR’s case. Starwood Waypoint Residential Trust (NYSE:SWAY) is the most popular stock in this table. On the other hand Golar LNG Partners LP (NASDAQ:GMLP) is the least popular one with only 4 bullish hedge fund positions. HeartWare International Inc (NASDAQ:HTWR) 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 SWAY might be a better candidate to consider a long position.