3 Stocks Hedge Funds Were Snapping Up During the Crash

In a separate filing, Red Alder GP revealed owning 1.65 million shares of Capital Senior Living Corporation (NYSE:CSU). The investor states in the filing that Capital Senior Living’s common stock, when purchased, was undervalued and represented an attractive investment opportunity. The stake represents 5.6% of the company’s outstanding shares.

Capital Senior Living Corporation (NYSE:CSU) operates residential communities in the United States for seniors and has a market cap of $670.5 million. Like NOW Inc, Capital Senior Living Corporation (NYSE:CSU)’s shares have increased by over 7% during the past 30 days, but have dropped by 10.11% year-to-date. For the second quarter, the company posted revenue of $101.6 million, representing an increase of 8.7% compared to the same quarter a year ago. It also reported a loss of $5.2 million for the period, down from a loss of $9.8 million in the same quarter last year. Another investor betting big on the company is Paul J. Isaac’s Arbiter Partners Capital Management, which holds 1.85 million shares.

Finally, let’s talk about Woodford Investment Management’s move in Prothena Corporation PLC (NASDAQ:PRTA). The investor, in a recent filing with the SEC, reported holding 6.30 million shares, equal to 20.1% of the company’s common stock. The stake represents an increase from the 6.20 million shares the fund previously held.

Ireland-based Prothena Corporation PLC (NASDAQ:PRTA) is a late-stage clinical biotechnology company focused on the discovery, development and commercialization of novel protein immunotherapy programs. The company’s stock has been performing extremely well, increasing by 116% year-to-date. In June, Prothena Corporation PLC (NASDAQ:PRTA) successfully dosed the first subject in a phase 1 single ascending dose study for PRX003, a monoclonal antibody for the potential treatment of psoriasis and other inflammatory diseases. Prothena Corporation swung to a loss of $18.3 million in the second quarter, compared to income of $1.3 million for the same quarter last year. Another large shareholder of the company is Jacob Gottlieb’s Visium Asset Management, which holds 996,887 shares as of June 30.

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