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Eric Bannasch’s Cadian Capital Increases Stake in COMSCORE, Inc. (SCOR) to 10%

Eric Bannasch‘s fund, Cadian Capital has raised its exposure to COMSCORE, Inc. (NASDAQ:SCOR), a filing with the Securities and Exchange Commission showed. Cadian reported owning around 3.57 million shares of the company, which represent 10% of common stock. The position has been increased from some 3.28 million revealed by the fund in its latest 13F filing.


COMSCORE, Inc. (NASDAQ:SCOR), provides on-demand digital analytics solutions, which helps its consumers to make informed, data-driven decisions and implement digital business strategies.

The revenue of COMSCORE, Inc. (NASDAQ:SCOR) increased by 14% to $71.6 million in the third quarter of 2013, compared to the same period of 2012. Non-GAAP EPS for the third quarter amounted to $0.32, versus a loss of $0.03. For the fourth quarter of last year, the company forecasts  a revenue of $75.5 million; while for the full year 2013, the company expects revenue worth $284.5 million. The guidance for the Adjusted EBITDA margin, is at 21% for the three months ended 2013 and for the full fiscal 2013.

Out of the other hedge funds that we track, two of them hold a significant position of their equity portfolio in the company. Sageview Capital, managed by Edward Gilhuly and Scott Stuart, owns 2.04 million shares, with a value of $59.22 million, representing 17.7% of their equity portfolio at the end of third quarter of 2013. Another hedge fund with 17.19% of its equity portfolio, invested in COMSCORE, Inc. (NASDAQ:SCOR), is James A. Noonan’s Pivot Point Capital, holding 1.33 million shares, with a reported value of $38.60 million.

Another large shareholder of the company is, Donald Chiboucis’ Columbus Circle Investors, which holds, 1.21 million shares for a total worth of $35.04 million.

Eric Bannasch’s Cadian Capital focuses on technology, media, and telecommunications fund. Of late, the fund raised its stake in Green Plains Renewable Energy Inc. (NASDAQ:GPRE) to 3.8 million, from a little over 1.5 million shares. Earlier, the Cadian Capital has trimmed its stake in LogMeIn Inc (NASDAQ:LOGM) to 2.3 million shares, equal to 9.7% of its outstanding stock, from 3.6 million shares held earlier.

Disclosure: None

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