What Do Hedge Funds Think of AtriCure Inc. (ATRC)?

As aggregate interest increased, key hedge funds were breaking ground themselves. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, initiated the most valuable position in AtriCure Inc. (NASDAQ:ATRC). Marshall Wace LLP had $1 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.6 million position during the quarter. The other funds with brand new ATRC positions are Jim Simons’ Renaissance Technologies, John Overdeck and David Siegel’s Two Sigma Advisors, and Ken Griffin’s Citadel Investment Group.

Let’s check out hedge fund activity in other stocks similar to AtriCure Inc. (NASDAQ:ATRC). We will take a look at Universal Health Realty Income Trust (NYSE:UHT), Fox Factory Holding Corp (NASDAQ:FOXF), Community Trust Bancorp, Inc. (NASDAQ:CTBI), and Hemisphere Media Group Inc (NASDAQ:HMTV). All of these stocks’ market caps are similar to ATRC’s market cap.

As you can see these stocks had an average of 6.5 hedge funds with bullish positions and the average amount invested in these stocks was $42 million. That figure was $139 million in ATRC’s case. Hemisphere Media Group Inc (NASDAQ:HMTV) is the most popular stock in this table. On the other hand Community Trust Bancorp, Inc. (NASDAQ:CTBI) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks AtriCure Inc. (NASDAQ:ATRC) 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.