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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!