This Metric Shows That One of These Three Falling Stocks Is Worth Buying

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Hedge funds are bullish on Comtech Telecomm. Corp. (NASDAQ:CMTL). A total of 11 hedge funds owned $79 million of the company’s shares (representing 16.90% of the float) on June 30, versus 12 funds and $80.69 million respectively on March 31. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital increased its position by 105% to 58,963 shares, while Cliff Asness’ AQR Capital Management upped its stake by 12% to 95,620 shares. Going the opposite way was First Eagle Investment Management, which inched down its position by 1% to 1.7 million shares.

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