5 November Hedge Funds Moves You Shouldn’t Miss

Amid many hedge fund moves that took place over the recent couple of weeks, there are several that stand out and shouldn’t go unnoticed. With this in mind, we have picked out five hedge moves that took place during the last month.

Prescott Group Capital Management, run by Phil Frohlich, has increased its stake in Bluephoenix Solutions Ltd (NASDAQ:BPHX). The fund has recently added to its position to 3.3 million shares, the equivalent of 29% of the company’s common stock. The value of Prescott Group’s current  holding is above $14 million. Bluephoenix Solutions has a market cap of $46 million and a beta of 1.59. The company had a net loss of $1.2 million for the past quarter, an improvement from a loss of $3.7 million posted a year ago.

SAC CAPITAL ADVISORS

Steven Cohen has got into Tile Shop Holdings, Inc. (NASDAQ:TTS). His fund, SAC Capital Advisors, has recently opened a new position, acquiring 2.6 million shares of the company, or 5% of Tile Shop Holdings’ common stock. The stock has a market cap of $850 million and a forward Price to Earnings (P/E) ratio of 28.60. The beta of 0.05 suggests Tile Shop Holdings is a fairly stable performer relative to the market. For the third quarter of 2013, the company reported net sales of $56.8 million, up from $44.2 million for the same period in 2012, and Earnings Per Share (EPS) of $0.08, compared to the loss per share of $0.87 registered during Q2 of 2012. For the current quarter, analysts expect  Tile Shop to report revenues of $60.22 million and EPS of $0.10.

John Griffin and his fund Blue Ridge Capital are bullish on Avis Budget Group Inc. (NASDAQ:CAR). The fund has recently increased its holding of the stock by more than 50% to 6.6 million shares, which account for 6.2% of the company’s common stock. The new position has an approximate value of $243 million. The stock has a forward P/E ratio of 13.47 and a beta of 2.58, making it a fairly volatile one. In a recent filing with the Securities and Exchange Commission, Avis Budget Group reported revenues of $2.4 billion and EPS)of $1.02 for the third quarter of 2013.

Another stock that has caught the eye of hedge fund managers is Houghton Mifflin Harcourt Co. (NASDAQ:HMHC). Kevin Michael Ulrich and his fund, Anchorage Advisors, have added to their stake in this educational materials provider. Anchorage Advisors currently holds some 21.8 million shares, approximately 15.6% of the company’s common stock.  Houghton Mifflin Harcourt went public on November 14th, in an Initial Public Offering (IPO) priced at $12 per share. In total, 18.3 million shares were offered.

GAMCO Investors, run by Mario Gabelli, has also been very active in the stock market. The fund has recently increased the holding of Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) shares. Gabelli and GAMCO currently own 1.7 million shares, or 33% of the company’s common stock. Griffin Land & Nurseries has a market cap of $167 million and a beta of 0.92. On November 20th, the company announced the introduction of a dividend. An annual dividend of  $0.20 per share, which represents a yield of 0.6%, will be paid on December 10th to stockholders of record on December 3rd.

Disclosure: none.

Recommended Reading:

Hedge Fund News: David Tepper, George Soros & Man Group

Hedge Funds’ Latest Stock Picks: Carl Icahn, Steven Cohen And Others

5 Warren Buffett Stocks Dumb Money Should Avoid

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!