Hedge Funds Are Selling RR Donnelley & Sons Co (RRD)

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that sold off their entire stakes in the stock during the third quarter. Interestingly, Ray Carroll’s Breton Hill Capital sold off the biggest position of the 700 funds monitored by Insider Monkey, valued at close to $8.4 million in stock, and Israel Englander’s Millennium Management was right behind this move, as the fund dumped about $7.5 million worth of RR Donnelley & Sons Co (NYSE:RRD) shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as RR Donnelley & Sons Co (NYSE:RRD) but similarly valued. These stocks are Finisar Corporation (NASDAQ:FNSR), American National Insurance Company (NASDAQ:ANAT), Cabot Corp (NYSE:CBT), and Outfront Media Inc (NYSE:OUT). This group of stocks’ market values match RRD’s market value.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $217 million. That figure was $132 million in RRD’s case. Finisar Corporation (NASDAQ:FNSR) is the most popular stock in this table. On the other hand American National Insurance Company (NASDAQ:ANAT) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks RR Donnelley & Sons Co (NYSE:RRD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.