Smart Money Are Not Betting on Merger Between These Two Companies

According to our data, COMSCORE, Inc. (NASDAQ:SCOR) experienced a decline in hedge fund sentiment in the second quarter, with the number of hedge funds long the stock dwindling by three to 21. There was also a 20.35% decrease in the value of hedge fund holdings, amid a 4.02% appreciation of the stock, as hedge funds ended the quarter with $180.2 million worth of stock, representing 8.30% of the company. Donald Chiboucis’ Columbus Circle Investors owned 1.19 million COMSCORE shares by the end of June, down by 8% from the end of March. Pivot Point Capital, led by James A. Noonan, held 728,408 shares of the firm by the end of the second quarter, down by 7%.

Correspondingly, the number of funds bullish on Rentrak Corporation (NASDAQ:RENT) declined by one to 17 during the second quarter. Furthermore, while the company’s stock jumped by 25.63% during the second quarter, the total value of holdings of these funds amounted at $95.68 million, equal to 9% of the company at the end of June, an increase of just 19.51% over the quarter, which points to an outflow of hedge fund capital from the stock. Chuck Royce’s Royce & Associates owned 488,210 shares of Rentrak by the end of the second quarter, up by 7% from the end of the first quarter.

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