How C.R. Bard, Inc. (BCR) Stacks Up Against Twitter Inc (TWTR), Clorox and Other Peers

As one would reasonably expect, key hedge funds were breaking ground themselves. Point72 Asset Management, led by Steve Cohen, assembled the largest position in C.R. Bard, Inc. (NYSE:BCR). Point72 Asset Management had $51.4 million invested in the company at the end of the quarter. Arthur B Cohen and Joseph Healey’s Healthcor Management LP also initiated a $44.9 million position during the quarter. The other funds with brand new BCR positions are Paul Tudor Jones’s Tudor Investment Corp, and Israel Englander’s Millennium Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as C.R. Bard, Inc. (NYSE:BCR) but similarly valued. We will take a look at Twitter Inc (NYSE:TWTR), The Clorox Company (NYSE:CLX), Telecom Italia S.p.A. (ADR) (NYSE:TI), and Royal Caribbean Cruises Ltd. (NYSE:RCL). This group of stocks’ market valuations resemble BCR’s market valuation.

As you can see these stocks had an average of 25.5 hedge funds with bullish positions and the average amount invested in these stocks was $669 million. That figure was $1146 million in BCR’s case. Twitter Inc (NYSE:TWTR) is the most popular stock in this table. On the other hand Telecom Italia S.p.A. (ADR) (NYSE:TI) is the least popular one with only 4 bullish hedge fund positions. C.R. Bard, Inc. (NYSE:BCR) 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 TWTR might be a better candidate to consider taking a long position in.

Disclosure: None