Hedge Funds Are Buying ZIOPHARM Oncology Inc. (ZIOP)

Is ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) a buy, sell, or hold? The best stock pickers are taking a bullish view. The number of bullish hedge fund bets improved by 6 recently.

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Keeping this in mind, it’s important to take a gander at the recent action regarding ZIOPHARM Oncology Inc. (NASDAQ:ZIOP).

How are hedge funds trading ZIOPHARM Oncology Inc. (NASDAQ:ZIOP)?

At Q1’s end, a total of 12 of the hedge funds we track held long positions in this stock, a change of 100% from one quarter earlier.

Consequently, specific money managers were breaking ground themselves. SAC Capital Advisors, managed by Steven Cohen, assembled the most valuable position in ZIOPHARM Oncology Inc. (NASDAQ:ZIOP). SAC Capital Advisors had 1.4 million invested in the company at the end of the quarter. Kyle Bass’s Hayman Advisors also initiated a $0.6 million position during the quarter. The other funds with brand new ZIOP positions are Peter Kolchinsky’s RA Capital Management, Israel Englander’s Millennium Management, and Jean-Marie Eveillard’s First Eagle Investment Management.

What have insiders been doing with ZIOPHARM Oncology Inc. (NASDAQ:ZIOP)?

Insider purchases made by high-level executives is best served when the primary stock in question has experienced transactions within the past 180 days. Over the last six-month time period, ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to ZIOPHARM Oncology Inc. (NASDAQ:ZIOP). These stocks are Targacept , Inc. (NASDAQ:TRGT), ArQule, Inc. (NASDAQ:ARQL), BioDelivery Sciences International, Inc. (NASDAQ:BDSI), Amicus Therapeutics, Inc. (NASDAQ:FOLD), and Pain Therapeutics, Inc. (NASDAQ:PTIE). This group of stocks are in the biotechnology industry and their market caps are similar to ZIOP’s market cap.