These Stocks Are Surging but See Which Ones Hedge Funds Think are Worth Investing In

On the second spot is Cirrus Logic, Inc. (NASDAQ:CRUS), which jumped by over 14% today, apparently without any significant news behind the move. Earlier today, Oppenheimer reiterated its ‘Market Perform’ rating on Cirrus Logic’s stock, which overall has a consensus ‘Buy’ rating and a mean price target of over $42 per share. During the second quarter, Cirrus Logic, Inc. (NASDAQ:CRUS) has witnessed an increase in popularity among the hedge funds in our database, with the number of investors going up to 25 from 22, while the total value of holdings jumping to $204.24 million, equal 9.50% of the company, from $151.75 million. More specifically, David E. Shaw’s D.E. Shaw and Clint Carlson’s Carlson Capital ranked as the top two shareholders, holding 1.30 million shares and 858,500 shares, after increases of 24% and 84% respectively. On the following spots are investors with new stakes, namely Joel Greenblatt’s Gotham Asset Management and Jim Simons’ Renaissance Technologies, which own 760,700 shares and 606,900 shares respectively.

Finally, 2U Inc (NASDAQ:TWOU)‘s stock increased more modestly, by around 6%, which expanded the stock’s year-to-date gains to over 87%. Earlier today, the company has announced a public offering of 3.50 million common shares at $34.00 per unit, including 400,000 shares by selling stockholders. However, despite the impressive year-to-date returns, the provider of cloud-based SaaS platform for college and universities, doesn’t have many fans among hedge funds (at least among those from our database). At the end of June, 13 funds held $53.95 million worth of 2U Inc (NASDAQ:TWOU)’s stock, up from $24.45 million a year earlier and while the number of investors remained flat on the quarter, they still amassed around 4.10% of the company’s outstanding stock. Among them, Donald Chiboucis‘s Columbus Circle Investors has been the most bullish on 2U Inc (NASDAQ:TWOU) as it added 465,500 shares, taking it to 494,800 shares during the second quarter.

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