Is Infinity Pharmaceuticals Inc. (INFI) a Good Stock to Buy?

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On the other hand, some money managers that elected to cut their full holdings between July and September. At the top of the heap, Malcolm Fairbairn’s Ascend Capital cut the biggest position of the “upper crust” of funds studied by Insider Monkey, valued at an estimated $0.3 million in stock.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Infinity Pharmaceuticals Inc. (NASDAQ:INFI) but similarly valued. These stocks are SAExploration Holdings, Inc. (NASDAQ:SAEX), Sunshine Bancorp Inc (NASDAQ:SBCP), Computer Task Group, Inc. (NASDAQ:CTG), and Cumulus Media Inc (NASDAQ:CMLS). This group of stocks’ market caps match INFI’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SAEX 6 43568 1
SBCP 6 13812 1
CTG 5 12226 0
CMLS 12 13298 -3

As you can see these stocks had an average of eight hedge funds with bullish positions and the average amount invested in these stocks was $21 million. That figure was $22 million in INFI’s case. Cumulus Media Inc (NASDAQ:CMLS) is the most popular stock in this table. On the other hand Computer Task Group, Inc. (NASDAQ:CTG) is the least popular one with only five bullish hedge fund positions. Compared to these stocks Infinity Pharmaceuticals Inc. (NASDAQ:INFI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none

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