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VCA Inc (WOOF): Hedge Funds Are Snapping Up

With a general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. Point72 Asset Management, managed by Steve Cohen, established the most outsized position in VCA Antech Inc (NASDAQ:WOOF). According to its latest 13F filing, the fund had $16.4 million invested in the company at the end of the quarter. Ken Grossman and Glen Schneider’s SG Capital Management also initiated an $11.8 million position during the quarter. The following funds were also among the new WOOF investors: Dmitry Balyasny’s Balyasny Asset Management, Richard Driehaus’s Driehaus Capital, and Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors.

Let’s now review hedge fund activity in other stocks similar to VCA Inc (NASDAQ:WOOF). These stocks are Investors Bancorp, Inc. (NASDAQ:ISBC), King Digital Entertainment PLC (NYSE:KING), Orbital ATK Inc (NYSE:OA), and ICON plc – Ordinary Shares (NASDAQ:ICLR). This group of stocks’ market values match WOOF’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ISBC 26 689935 -8
KING 18 303994 -6
OA 33 756743 3
ICLR 27 223656 4

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $494 million. Orbital ATK Inc (NYSE:OA) is the most popular stock in this table. On the other hand King Digital Entertainment PLC (NYSE:KING) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks VCA Inc (NASDAQ:WOOF) is more popular among hedge funds. The company also managed to attract $839 million of the hedge funds’ money, which is considerably higher than the average of the group. Considering that top 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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