Is CF Corp (CFCO) A Good Stock To Buy According To Hedge Funds?

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Consequently, some big names were breaking ground themselves. Angelo Gordon & Co, assembled the largest position in CF Corp (NASDAQ:CFCO). Sander Gerber’s Hudson Bay Capital Management also initiated a $41.6 million position during the quarter. The other funds with new positions in the stock are Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors, and Neil Chriss’ Hutchin Hill Capital.

Let’s go over hedge fund activity in other stocks similar to CF Corp (NASDAQ:CFCO). We will take a look at Retrophin Inc (NASDAQ:RTRX), Pacific Biosciences of California (NASDAQ:PACB), Merrimack Pharmaceuticals Inc (NASDAQ:MACK), and iKang Healthcare Group Inc (ADR) (NASDAQ:KANG). All of these stocks’ market caps match CFCO’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RTRX 23 400233 5
PACB 17 197194 -5
MACK 12 82494 1
KANG 12 63122 2

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $186 million. That figure was $414 million in CFCO’s case. Retrophin Inc (NASDAQ:RTRX) is the most popular stock in this table. On the other hand Merrimack Pharmaceuticals Inc (NASDAQ:MACK) is the least popular one with only 12 bullish hedge fund positions. CF Corp (NASDAQ:CFCO) 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 RTRX might be a better candidate to consider taking a long position in.

Disclosure: None

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