Capital Senior Living Corporation (CSU): Are Hedge Funds Right About This Stock?

Now, some big names were breaking ground themselves. Cove Street Capital, led by Jeffrey Bronchick, initiated the largest position in Capital Senior Living Corporation (NYSE:CSU). Cove Street Capital had $2.5 million invested in the company at the end of the quarter. Christopher James’ Partner Fund Management also made a $1.9 million investment in the stock during the quarter. The other funds with brand new CSU positions are George Hall’s Clinton Group, Ken Griffin’s Citadel Investment Group, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Capital Senior Living Corporation (NYSE:CSU) but similarly valued. We will take a look at Gener8 Maritime Inc (NYSE:GNRT), PROS Holdings, Inc. (NYSE:PRO), Tredegar Corporation (NYSE:TG), and Clovis Oncology Inc (NASDAQ:CLVS). This group of stocks’ market caps are closest to CSU’s market cap.

As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $285 million. That figure was $138 million in CSU’s case. Clovis Oncology Inc (NASDAQ:CLVS) is the most popular stock in this table. On the other hand PROS Holdings, Inc. (NYSE:PRO) is the least popular one with only 5 bullish hedge fund positions. Capital Senior Living Corporation (NYSE:CSU) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CLVS might be a better candidate to consider taking a long position in.

Disclosure: None