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Should You Buy Orthofix International NV (OFIX)?

Now, specific money managers were breaking ground themselves. Pura Vida Investments, managed by Efrem Kamen, initiated the most valuable position in Orthofix International NV (NASDAQ:OFIX). According to its latest 13F filing, the fund had $3 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $0.7 million position during the quarter. The following funds were also among the new OFIX investors: Joshua Packwood and Schuster Tanger’s Radix Partners and George Hall’s Clinton Group.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Orthofix International NV (NASDAQ:OFIX) but similarly valued. These stocks are American Railcar Industries, Inc. (NASDAQ:ARII), Encore Wire Corporation (NASDAQ:WIRE), Brooks Automation, Inc. (USA) (NASDAQ:BRKS), and Anika Therapeutics, Inc. (NASDAQ:ANIK). All of these stocks’ market caps resemble OFIX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ARII 16 522934 5
WIRE 12 43824 -4
BRKS 11 53740 1
ANIK 17 59379 5

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 $170 million. That figure was $231 million in OFIX’s case. Anika Therapeutics, Inc. (NASDAQ:ANIK) is the most popular stock in this table. On the other hand Brooks Automation, Inc. (USA) (NASDAQ:BRKS) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Orthofix International NV (NASDAQ:OFIX) 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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