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)

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

Recommended Reading:

Ardsley Partners Further Trims Stake in Saba Software, Inc. (SABA)

Blue Mountain Capital Decreases Stake in Lexmark International Inc (LXK)

Pershing Square Increases Stake in Howard Hughes Corp (HHC)

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!