Is Forest Laboratories, Inc. (NYSE:FRX) a sell?
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What’s more, we’re going to study the newest info about Forest Laboratories, Inc. (NYSE:FRX).
What have hedge funds been doing with Forest Laboratories, Inc. (NYSE:FRX)?
At Q2’s end, a total of 30 of the hedge funds we track were long in this stock, a change of -14% from the first quarter. With the smart money’s sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their holdings meaningfully.
Judging by the fact that Forest Laboratories, Inc. (NYSE:FRX) has faced a fall in interest from the smart money’s best and brightest, logic holds that there were a few fund managers that elected to cut their entire stakes in Q1. It’s worth mentioning that Sanford J. Colen’s Apex Capital dumped the largest investment of the “upper crust” of funds we key on, valued at an estimated $19 million in stock. Roberto Mignone’s fund, Bridger Management, also said goodbye to its stock, about $17.1 million worth. These transactions are interesting, as total hedge fund interest was cut by 5 funds in Q1.
How have insiders been trading Forest Laboratories, Inc. (NYSE:FRX)?
Insider buying is best served when the company in question has experienced transactions within the past six months. Over the last 180-day time period, Forest Laboratories, Inc. (NYSE:FRX) has experienced zero unique insiders buying, and 2 insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to Forest Laboratories, Inc. (NYSE:FRX). These stocks are Allergan, Inc. (NYSE:AGN), Warner Chilcott Plc (NASDAQ:WCRX), Endo Health Solutions Inc (NASDAQ:ENDP), Dr. Reddy’s Laboratories Limited (ADR) (NYSE:RDY), and Pharmacyclics, Inc. (NASDAQ:PCYC). This group of stocks are in the drug manufacturers – other industry and their market caps match FRX’s market cap.
