Is CONN’S, Inc. (CONN) Going to Burn These Hedge Funds?

Consequently, specific money managers have been driving this bullishness. Citadel Investment Group assembled the most valuable position in CONN’S, Inc. (NASDAQ:CONN). Citadel Investment Group had $7.1 million invested in the company at the end of the quarter. Will Snellings’ Marianas Fund Management also made a $6.1 million investment in the stock during the quarter. The following funds were also among the new CONN investors: Mark Broach’s Manatuck Hill Partners, D E Shaw, one of the biggest hedge funds in the world, and Ken Griffin’s Citadel Investment Group.

Let’s now review hedge fund activity in other stocks similar to CONN’S, Inc. (NASDAQ:CONN). These stocks are Bridgepoint Education Inc (NYSE:BPI), Natural Health Trends Corp. (NASDAQ:NHTC), Tuniu Corp (NASDAQ:TOUR), and Siliconware Precision Industries (ADR) (NASDAQ:SPIL). This group of stocks’ market caps are similar to CONN’s market cap.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $28 million. That figure was $72 million in CONN’s case. Bridgepoint Education Inc (NYSE:BPI) is the most popular stock in this table. On the other hand Siliconware Precision Industries (ADR) (NASDAQ:SPIL) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks CONN’S, Inc. (NASDAQ:CONN) 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