Pandora and More: Hedge Funds Have Bought These Stocks Recently

Page 1 of 2

We track filings by hedge funds and other notable investors in order to get an idea of their activity- including which large cap stocks they like, which smaller-cap stocks might be good topics for further research, and what they think of different industries generally. Of course, investors can’t buy every stock that any particular manager is buying (and relatively up-to-date 13D and 13G filings are rarely filed for large-caps), but looking at filings can still be useful. Here are five stocks that hedge funds have reported a larger position in recently:

Pandora Media Inc (NYSE:P)

Steadfast Capital Management reported owning 8.9 million shares of Pandora Media Inc (NYSE:P). This is an increase of close to 2 million shares since the beginning of October, according to the fund’s 13F for the third quarter of the year (find Steadfast’s favorite stocks). Pandora’s revenues have been growing nicely- up about 60% in its most recent quarter compared to the same period in the previous year- but costs have been rising as well and the company is struggling with profitability. It’s not expected to have positive earnings in its next fiscal year either, and with much of its future depending on Apple Inc. (NASDAQ:AAPL) not developing its own service we think it should be avoided. The stock is widely shorted, indicating that a number of traders expect it to underperform expectations. Read our analysis of Pandora.

John Rogers’ Ariel Investments increased its holdings of Contango Oil & Gas Company (NYSE:MCF) from 1.6 million shares about two months ago to 2.4 million. Ariel now owns nearly 16% of the total shares outstanding (check out more of John Rogers’ stock picks). Contango is an exploration and production company which primarily provides natural gas, natural gas liquids, and condensates. These fuels are seen as growth opportunities, but partly because of massive increases in production prices have remained low. Contango trades at 37 times trailing earnings, and its revenue decline by 33% in the third quarter compared to Q3 2011. We think that we would avoid it; companies like Chesapeake Energy Corporation (NYSE:CHK) might be cheaper ways to play natural gas.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!