Do Hedge Funds Love Cincinnati Bell Inc. (CBB)?

Page 2 of 2

Now, key hedge funds were leading the bulls’ herd. Ken Griffin’s Citadel Investment Group, established the biggest position in Cincinnati Bell Inc. (NYSE:CBB). Citadel Investment Group had $0.5 million invested in the company at the end of the quarter. Paul Tudor Jones’ Tudor Investment Corp also initiated a $0.4 million position during the quarter. The other funds with brand new CBB positions are Joshua Packwood and Schuster Tanger’s Radix Partners and Matthew Tewksbury’s Stevens Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Cincinnati Bell Inc. (NYSE:CBB) but similarly valued. These stocks are Brookline Bancorp, Inc. (NASDAQ:BRKL), Jumei International Holding Ltd (ADR) (NYSE:JMEI), Eclipse Resources Corp (NYSE:ECR), and A. Schulman Inc (NASDAQ:SHLM). This group of stocks’ market valuations are similar to CBB’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BRKL 11 35546 -2
JMEI 10 32002 0
ECR 18 71618 -6
SHLM 11 77215 -5

As you can see these stocks had an average of 13 funds with bullish positions and the average amount invested in these stocks was $54 million, versus $79 million in CBB’s case. Eclipse Resources Corp (NYSE:ECR) is the most popular stock in this table, while Jumei International Holding Ltd (ADR) (NYSE:JMEI) is the least popular one with only 10 bullish hedge fund positions. Cincinnati Bell Inc. (NYSE:CBB) 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, Eclipse Resources Corp (NYSE:ECR) might be a better candidate to consider taking a long position in.

Disclosure: none

Page 2 of 2