Is it a good time to buy shares of Ascendis Pharma A/S (NASDAQ:ASND)? Jacob Gottlieb thinks so, since his fund, Visium Asset Management, has significantly increased its holding in the company recently. According to a filing with the Securities and Exchange Commission, Gottlieb has boosted his investment by almost 1 million shares to 1.25 million shares or 5.2% of the company’s common stock. In another filing with the SEC, Steven Boyd‘s Armistice Capital has disclosed the addition of 64,000 shares of Demand Media Inc (NYSE:DMD) to its previous stake. As a result, the fund now has control over 1.03 million shares, which account for 5.2% of the total outstanding shares.
Roughly 10 years old, Visium Asset Management was founded by Jacob Gottlieb, who initially had focused on healthcare and biotechnology stocks, but has diversified his portfolio as his success attracted more capital. Besides healthcare stocks, which account for 54% of the fund’s capital, Visium also holds stocks from the technology and financial sectors in an equity portfolio valued at more than $7 billion. During the second quarter, Gottlieb has made some significant changes to his top holdings, one of them being a massive boost of his stake in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) – up by 9,000% to 831,400 shares valued at more than $184 million. Visium’s latest 13F filing also shows a 1300% increase of its holding in Aetna Inc (NYSE:AET) to 1.23 million shares worth roughly $156 million.
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Samuel Isaly of Orbimed Advisors is another fan of Ascendis Pharma A/S (NASDAQ:ASND) and has built a position that amasses 1.44 million shares valued at $25.6 million, according to Orbimed’s latest 13F filing. Peter Kolchinsky’s RA Capital Management is also heavily invested in this stock holding 1.91 million shares worth $33.8 million, this being the biggest position held by a hedge fund in our database. Based in Denmark, Ascendis Pharma A/S (NASDAQ:ASND) has a market cap of $474 million and does not pay a dividend. For the second quarter of 2015, the company posted revenues of €1.9 million ($2.14 million), half the figure reported for the same period in 2014, and a net loss of €0.63 ($0.71) per share. The company’s bottom line was affected by the end of its collaboration with United Therapeutics Corporation (NASDAQ:UTHR) as well as a decrease in revenue from collaborations with other pharmaceutical companies.
A value-oriented and event-driven fund, Armistice Capital was launched in 2012 by Steven Boyd, who managed to return an impressive 48% during his first year. He has gained his experience working for a number of investment firms, most recently as an associate at York Capital and senior research analyst at Senator Investment Group. Boyd prefers to invest in healthcare and consumer discretionary stocks but has recently diversified his portfolio to include technology and financial stocks as well. His biggest bet is Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), of which it holds 4.43 million shares valued at $30.3 million according to Armistice’s latest 13F filing. Boyd has also boosted his stake in Apollo Education Group Inc (NASDAQ:APOL) to 1.27 million shares worth some $16.3 million.
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A provider of internet software and solutions, Demand Media Inc (NYSE:DMD) has posted revenues of $29.7 million and a loss of $0.72 per share for the second quarter of 2015. Analysts expect the company to perform better in the third quarter and eye revenues of $30.8 million and a narrower loss of $0.42 per share. So far this year, the stock has lost 20% in volatile trading. John H. Lewis’ Osmium Partners is another investor bullish on Demand Media Inc (NYSE:DMD) and has increased its stake by 177% during the second quarter to 1.32 million shares valued at $8.39 million. Hedge fund guru Jim Simons also holds a position in this stock, albeit a smaller one: 279,500 shares worth approximately $1.77 million according to Renaissance Technologies’ latest 13F filing.
Disclosure: none.
