Hedge Funds Are Glad They Sold Off These Stocks in Q4

#3 Monster Worldwide, Inc. (NYSE:MWW)

– Investors with Long Positions (as of December 31): 20

– Aggregate Value of Investors’ Holdings (as of December 31): $58.16 Million

Through the first two months of the year, Monster Worldwide, Inc. (NYSE:MWW)’s stock depreciated by 47.99%. The company not only delivered disappointing fourth quarter financial results but its EPS guidance range of $0.06 to $0.10 for the first quarter was also well below the consensus estimate of $0.13. North America led the decline in sales as revenue from the region dipped by 8% during the final three months of 2015 on a year-over-year basis. D E Shaw trimmed its Monster Worldwide, Inc. (NYSE:MWW) holding by 8% to 2.89 million shares during the fourth quarter, during which time the number of hedge funds with long positions in the company fell by 35%.

#2 Restoration Hardware Holdings Inc (NYSE:RH)

– Investors with Long Positions (as of December 31): 33

– Aggregate Value of Investors’ Holdings (as of December 31): $1.01 Billion

The number of hedge funds holding shares of the $1.66 billion luxury home furnishings retailer dropped by six during the October-to-December period, while their aggregate investments slid by 4.1%. Following disappointing fourth quarter financial results due to pressure on margins from discounting, as well as an abysmal outlook, Restoration Hardware Holdings Inc (NYSE:RH)’s stock price cratered by more than 52.18% in the first two months of this year. This has led to a number of recent price target revisions. Nomura took its price target on the stock down to $85 from $115, while Cowen and Company now expects the stock price to reach $47, down from its earlier estimate of $64. Pasco Alfaro and Richard Tumure‘s Miura Global Management trimmed its Restoration Hardware Holdings Inc (NYSE:RH) holding by 1% to 1.37 million shares during the fourth trimester.

#1 Sunedison Inc (NYSE:SUNE)

– Investors with Long Positions (as of December 31): 50

– Aggregate Value of Investors’ Holdings (as of December 31): $512.32 Million

Fianlly, there were 23 fewer investors in our database with Sunedison Inc (NYSE:SUNE) in their portfolios at the end of the fourth quarter than at the start of it, though their aggregate investments still represented about 31.8% of the company’s float. The lucky leavers missed a stock plunge of more than 61% in the first two months of this year. The company is also delaying its 10-K filing as it addresses a probe by an Audit Committee related to issues brought by former and current employees which pose questions about its financial position. Anand Parekh‘s Alyeska Investment Group cut its Sunedison Inc (NYSE:SUNE) stake by 19% to 4.84 million shares during the fourth quarter.

Disclosure: None