Zimmer Holdings, Inc. (NYSE:ZMH) investors should pay attention to an increase in hedge fund interest of late.
Mention something original about this stock in the first paragraph. It could be about some recent news, a regulatory filing, etc. (just quickly search Yahoo Finance to find what is going on with this stock)
Equities researchers at Atlantic Securities began coverage on shares of Zimmer Holdings (NYSE:ZMH) in a research report issued on Thursday, Analyst Ratings Net reports. The firm set an “overweight” rating on the stock, according to WKRB.
Consequently, it’s important to take a gander at the recent action encompassing Zimmer Holdings, Inc. (NYSE:ZMH).
Hedge fund activity in Zimmer Holdings, Inc. (NYSE:ZMH)
In preparation for this quarter, a total of 36 of the hedge funds we track held long positions in this stock, a change of 16 percent from the second quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings considerably.
When looking at the hedgies followed by Insider Monkey, Healthcor Management LP, managed by Arthur B Cohen and Joseph Healey, holds the most valuable position in Zimmer Holdings, Inc. (NYSE:ZMH). Healthcor Management LP has a $76 million position in the stock, comprising 4.1 percent of its 13F portfolio. The second most bullish hedge fund manager is Ariel Investments, led by John W. Rogers, holding a $74.8 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions comprise Jacob Gottlieb’s Visium Asset Management, Israel Englander’s Millennium Management and Clint Carlson’s Carlson Capital.
As one would reasonably expect, key money managers were leading the bulls’ herd. Healthcor Management LP, managed by Arthur B Cohen and Joseph Healey, established the most outsized position in Zimmer Holdings, Inc. (NYSE:ZMH). Healthcor Management LP had 76 million invested in the company at the end of the quarter. Eric Bannasch’s Cadian Capital also made a $20.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Anand Parekh’s Alyeska Investment Group, SAC Subsidiary’s Sigma Capital Management, and Millennium Management Subsidiary’s Green Arrow Capital Management.
What do corporate executives and insiders think about Zimmer Holdings, Inc. (NYSE:ZMH)?
Insider trading activity, especially when it’s bullish, is particularly usable when the company in focus has experienced transactions within the past half-year. Over the latest half-year time period, Zimmer Holdings, Inc. (NYSE:ZMH) has seen zero unique insiders purchasing, and seven insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Zimmer Holdings, Inc. (NYSE:ZMH). These stocks are Intuitive Surgical, Inc. (NASDAQ:ISRG), Edwards Lifesciences Corp (NYSE:EW), Smith & Nephew plc (ADR) (NYSE:SNN), Boston Scientific Corporation (NYSE:BSX), and St. Jude Medical, Inc. (NYSE:STJ). This group of stocks are in the medical appliances & equipment industry and their market caps are closest to ZMH’s market cap.
Company Name
# of Hedge Funds
# of Insiders Buying
# of Insiders Selling
Intuitive Surgical, Inc. (NASDAQ:ISRG)
Edwards Lifesciences Corp (NYSE:EW)
Smith & Nephew plc (ADR) (NYSE:SNN)
Boston Scientific Corporation (NYSE:BSX)
St. Jude Medical, Inc. (NYSE:STJ)
With 36 funds in Insider Monkey’s database long Zimmer Holdings, it’s among the most popular medical appliances & equipment industry stocks.
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Tags: Alyeska Investment Group, Anand Parekh, Ariel Investments, Arthur B Cohen and Joseph Healey, Boston Scientific Corporation (NYSE:BSX), Cadian Capital, Carlson Capital, Clint Carlson, Edwards Lifesciences Corp (NYSE:EW), Eric Bannasch, Green Arrow Capital Management, Healthcor Management LP, Intuitive Surgical Inc. (NASDAQ:ISRG), Israel Englander, Jacob Gottlieb, John W. Rogers, Millennium Management, Millennium Management Subsidiary, SAC Subsidiary, Sigma Capital Management, Smith & Nephew plc (ADR) (NYSE:SNN), St. Jude Medical Inc. (NYSE:STJ), Visium Asset Management, Zimmer Holdings Inc. (NYSE