As industry-wide interest jumped, specific money managers have pushed into Nantkwest Inc (NASDAQ:NK) headfirst. Highbridge Capital Management initiated the largest position in Nantkwest Inc (NASDAQ:NK). Highbridge Capital Management had $0.2 million invested in the company at the end of the quarter. Akanthos Capital also initiated a $0.2 million position during the quarter. The only other fund with a new position in the stock is Citadel Investment Group.
Let’s check out hedge fund activity in other stocks similar to Nantkwest Inc (NASDAQ:NK). We will take a look at AngioDynamics, Inc. (NASDAQ:ANGO), Cerus Corporation (NASDAQ:CERS), Thermon Group Holdings Inc (NYSE:THR), and Eastman Kodak Co. (NYSE:KODK). This group of stocks’ market valuations match NK’s market valuation.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $104 million. That figure was $36 million in NK’s case. AngioDynamics, Inc. (NASDAQ:ANGO) is the most popular stock in this table. On the other hand Thermon Group Holdings Inc (NYSE:THR) is the least popular one with only 4 bullish hedge fund positions. Nantkwest Inc (NASDAQ:NK) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ANGO might be a better candidate to consider taking a long position in.