How XOMA Corp (XOMA) Stacks Up Against Its Peers

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Because XOMA Corp (NASDAQ:XOMA) has witnessed a decline in interest from the entirety of the hedge funds we track, logic holds that there is a sect of funds who were dropping their full holdings by the end of the third quarter. Intriguingly, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners cut the biggest stake of all the investors watched by Insider Monkey, comprising an estimated $0.1 million in stock. Paul Tudor Jones’ fund, Tudor Investment Corp, also said goodbye to its small position in the stock.

Let’s check out hedge fund activity in other stocks similar to XOMA Corp (NASDAQ:XOMA). These stocks are ProNAi Therapeutics Inc (NASDAQ:DNAI), CytRx Corporation (NASDAQ:CYTR), VAALCO Energy, Inc. (NYSE:EGY), and Christopher & Banks Corporation (NYSE:CBK). This group of stocks’ market values are similar to XOMA’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DNAI 8 9093 -1
CYTR 7 5519 1
EGY 9 4988 4
CBK 5 3455 -3

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $6 million. That figure was $2 million in XOMA’s case. VAALCO Energy, Inc. (NYSE:EGY) is the most popular stock in this table. On the other hand Christopher & Banks Corporation (NYSE:CBK) is the least popular one with only 5 bullish hedge fund positions. XOMA Corp (NASDAQ:XOMA) is tied as the most popular stock in this group, but has the least amount of money invested in it. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are pouring money into. In this regard DNAI might be a better candidate to consider taking a long position in.

Disclosure: None

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