Is Aegerion Pharmaceuticals, Inc. (AEGR) Going to Burn These Hedge Funds?: Impax Laboratories Inc (IPXL), Pacira Pharmaceuticals Inc (PCRX)

Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) was in 14 hedge funds’ portfolio at the end of December. AEGR has experienced an increase in enthusiasm from smart money in recent months. There were 6 hedge funds in our database with AEGR positions at the end of the previous quarter.

Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR)

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Consequently, let’s take a gander at the recent action encompassing Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR).

How have hedgies been trading Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR)?

In preparation for this year, a total of 14 of the hedge funds we track held long positions in this stock, a change of 133% from the third quarter. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were boosting their stakes significantly.

Of the funds we track, Joseph Edelman’s Perceptive Advisors had the biggest position in Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR), worth close to $66.4 million, accounting for 11.7% of its total 13F portfolio. Coming in second is Mark Kingdon of Kingdon Capital, with a $15.9 million call position; the fund has 1% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Julian Baker and Felix Baker’s Baker Bros. Advisors, Mark Kingdon’s Kingdon Capital and Mark Broach’s Manatuck Hill Partners.

Now, key money managers have jumped into Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) headfirst. Kingdon Capital, managed by Mark Kingdon, created the biggest call position in Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR). Kingdon Capital had 15.9 million invested in the company at the end of the quarter. Mark Kingdon’s Kingdon Capital also initiated a $7.1 million position during the quarter. The following funds were also among the new AEGR investors: Richard Driehaus’s Driehaus Capital, Ken Griffin’s Citadel Investment Group, and SAC Subsidiary’s CR Intrinsic Investors.

How are insiders trading Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR)?

Insider purchases made by high-level executives is most useful when the company in focus has seen transactions within the past 180 days. Over the last 180-day time period, Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) has seen 3 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR). These stocks are Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), Neurocrine Biosciences, Inc. (NASDAQ:NBIX), Pacira Pharmaceuticals Inc (NASDAQ:PCRX), and Impax Laboratories Inc (NASDAQ:IPXL). This group of stocks belong to the drug manufacturers – major industry and their market caps resemble AEGR’s market cap.