Tetraphase Pharmaceuticals Inc (TTPH): Hedge Funds Are Snapping Up

Now, key money managers were leading the bulls’ herd. D E Shaw, led by D. E. Shaw, initiated the most outsized position in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH). D E Shaw had $0.7 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.1 million position during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH). These stocks are Calamos Asset Management, Inc (NASDAQ:CLMS), Castle Brands Inc (NYSEAMEX:ROX), Westfield Financial, Inc. (NASDAQ:WFD), and Radiant Logistics, Inc. (NYSEAMEX:RLGT). This group of stocks’ market caps are closest to TTPH’s market cap.

As you can see these stocks had an average of 5.75 hedge funds with bullish positions and the average amount invested in these stocks was $13 million. That figure was $12 million in TTPH’s case. Radiant Logistics, Inc. (NYSEAMEX:RLGT) is the most popular stock in this table. On the other hand Westfield Financial, Inc. (NASDAQ:WFD) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) 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.

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Disclosure: None