Is Smart Money Losing Interest in Uniqure NV (QURE)?

Judging by the fact that Uniqure NV (NASDAQ:QURE) has faced a declination in interest from the smart money, we can see that there exists a select few funds who were dropping their entire stakes at the end of the third quarter. Intriguingly, Jason Karp’s Tourbillon Capital Partners dumped the biggest stake of the 700 funds tracked by Insider Monkey, comprising about $14.6 million in stock. Michael Hintze’s fund, CQS Cayman LP, also dumped its stock, about $0.8 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest fell by two funds during the third quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Uniqure NV (NASDAQ:QURE) but similarly valued. We will take a look at Nextera Energy Partners LP (NYSE:NEP), Bridge Bancorp, Inc. (NASDAQ:BDGE), Triple-S Management Corp.(NYSE:GTS), and Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). This group of stocks’ market valuations match QURE’s market valuation.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $71 million, as compared to the $64 million that hedge funds held invested in QURE at the end of September. Uniqure NV (NASDAQ:QURE) registers a level of interest from hedge funds above average, although it is not the most popular stock in the list. Therefore, even though a more detailed analysis might suggest that Uniqure is a good investment at the moment, we think that it may be better to look into stocks that enjoy more attention from hedge funds, such as GTS or NEP (in this case).