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 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

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

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!