Here is What Hedge Funds Think About Sientra Inc (SIEN)

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As aggregate interest increased, key hedge funds have jumped into Sientra Inc (NASDAQ:SIEN) headfirst. Jim Simons’ Renaissance Technologies initiated the most valuable position in Sientra Inc (NASDAQ:SIEN). According to regulatory filings, the fund had $0.7 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.1 million position during the quarter. The only other fund with a new position in the stock is D. E. Shaw’s D E Shaw.

Let’s check out hedge fund activity in other stocks similar to Sientra Inc (NASDAQ:SIEN). We will take a look at RealNetworks Inc (NASDAQ:RNWK), Orrstown Financial Services (NASDAQ:ORRF), Garrison Capital Inc (NASDAQ:GARS), and Alexco Resource Corp. (USA) (NYSEAMEX:AXU). This group of stocks’ market valuations are closest to SIEN’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RNWK 5 44999 0
ORRF 3 20541 0
GARS 3 1164 -1
AXU 4 2415 4

As you can see these stocks had an average of 4 hedge funds with bullish positions and the average amount invested in these stocks was $17 million. That figure was $42 million in SIEN’s case. RealNetworks Inc (NASDAQ:RNWK) is the most popular stock in this table. On the other hand Orrstown Financial Services (NASDAQ:ORRF) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Sientra Inc (NASDAQ:SIEN) 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


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