Hedge Funds Are Crazy About Computer Sciences Corporation (CSC)

Consequently, key money managers have been driving this bullishness. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, assembled the most outsized position in Computer Sciences Corporation (NYSE:CSC). Marshall Wace LLP had $30.5 million invested in the company at the end of the quarter. Clint Carlson’s Carlson Capital also made a $15.4 million investment in the stock during the quarter. The other funds with brand new CSC positions are Neil Chriss’ Hutchin Hill Capital, Howard Shainker and Akiva Katz’s Bow Street LLC, and Visium Asset Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Computer Sciences Corporation (NYSE:CSC) but similarly valued. These stocks are Icahn Enterprises LP (NASDAQ:IEP), Credicorp Ltd. (USA) (NYSE:BAP), Wyndham Worldwide Corporation (NYSE:WYN), and PVH Corp (NYSE:PVH). This group of stocks’ market valuations matches Computer Sciences Corporation (NYSE:CSC)’s market valuation.

As you can see, these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $2.65 billion. That figure was $1.24 billion in Computer Sciences Corporation (NYSE:CSC)’s case. PVH Corp (NYSE:PVH) is the most popular stock in this table. On the other hand, Icahn Enterprises LP (NASDAQ:IEP) is the least popular one with only 6 bullish hedge fund positions. Computer Sciences Corporation (NYSE:CSC) 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, PVH Corp (NYSE:PVH) might be a better candidate to consider a long position.