Five Penny Stocks To Buy Based on Smart Money Sentiment

#3 Antares Pharma Inc (NASDAQ:ATRS)

– Investors with Long Positions (as of December 31): 14

– Aggregate Value of Investors’ Holdings (as of December 31): $43.92 Million

Over the past twelve months Antares Pharma Inc (NASDAQ:ATRS)’s stock has lost more than 67% of its value. While the number of investors holding the healthcare company in their portfolios remained unchanged during the fourth quarter, the aggregate value of their holdings fell by 32%. For the fourth quarter, the manufacturer of self-administered parenteral pharmaceutical products delivered a net loss of $0.04 per share, which was $0.01 below analysts’ expectations. Similarly, quarterly revenue of $11.8 million missed the estmates by $0.73 million. Steven Boyd‘s Armstice Capital and Kevin Kotler‘s Broadfin Capital hold 13.24 million and 11.48 million shares of Antares Pharma Inc (NASDAQ:ATRS) respectively, as of the end of 2015.

 

#2 Ultra Petroleum Corp. (NYSE:UPL)

– Investors with Long Positions (as of December 31): 15

– Aggregate Value of Investors’ Holdings (as of December 31): $14.19 Million

The $99.73 million oil and gas company also saw a loss of interest from hedge fund managers during the fourth quarter as the number of funds long the stock fell by three, while the total value of their investments fell by about 58%. Given the prevalent low commodity prices in the energy sector the dwindling enthusiasm is hardly a surprise. Shares of Ultra Petroleum Corp. (NYSE:UPL) have cratered by nearly 73% so far this year,  despite registering a boost this month following a waiver agreement with its lenders, which allowed the debt restructuring costs to continue. Elm Ridge Capital, which is led by Ron Gutfleish holds more than 1.8 million shares of Ultra Petroleum Corp. (NYSE:UPL) after a 13% increase of the stake during the fourth quarter.

 

#1 Cumulus Media Inc (NASDAQ:CMLS)

– Investors with Long Positions (as of December 31): 16

– Aggregate Value of Investors’ Holdings (as of December 31): $13.33 Million

During the fourth quarter, the total number of hedge funds invested in Cumulus Media Inc (NASDAQ:CMLS) dropped by five and the aggregate value of their investments slid by about 51%. Even though the stock price of the radio broadcaster is up by a little over 15% year-to-date, it has plunged by  87% over the last 12 months. In its recently released fourth-quarter financial results, Cumulus Media Inc (NASDAQ:CMLS) beat both the top and bottom line estimates. Both debt and massive employee turnover had been major problems for the company in the past and is something that the new CEO is addressing as he continues to engineer a turnaround for the company. Jonathan Savitz‘s Greywolf Capital Management held more than 6.86 million shares of Cumulus Media Inc (NASDAQ:CMLS) at the end of December.

Disclosure: None