Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Qiagen NV (QGEN) Going to Burn These Hedge Funds?

Since Qiagen NV (NASDAQ:QGEN) has faced declining sentiment from hedge fund managers, we can see that there were a few hedgies who sold off their positions entirely by the end of the third quarter. Interestingly, Jacob Gottlieb’s Visium Asset Management sold off the biggest investment of the “upper crust” of funds tracked by Insider Monkey, totaling close to $10.3 million in stock. Vishal Saluja and Pham Quang’s fund, Endurant Capital Management, also dumped its stock, about $3.2 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 6 funds by the end of the third quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Qiagen NV (NASDAQ:QGEN) but similarly valued. We will take a look at Kilroy Realty Corp (NYSE:KRC), Waste Connections, Inc. (NYSE:WCN), Brookfield Infrastructure Partners L.P. (NYSE:BIP), and Axalta Coating Systems Ltd (NYSE:AXTA). This group of stocks’ market caps are closest to QGEN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
KRC 8 58664 -2
WCN 23 324310 1
BIP 12 25739 4
AXTA 44 1786793 6

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $549 million. That figure was $107 million in QGEN’s case. Axalta Coating Systems Ltd (NYSE:AXTA) is the most popular stock in this table. On the other hand Kilroy Realty Corp (NYSE:KRC) is the least popular one with only 8 bullish hedge fund positions. Qiagen NV (NASDAQ:QGEN) 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 AXTA might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...