Why These Five Stocks Are Growing On Monday

Another gainer on Monday afternoon was American Capital Ltd. (NASDAQ:ACAS), whose stock is up 2.67% after the company announced that over the fourth quarter of 2015 it had purchased approximately 20.7 million company shares, or 8% of the outstanding stock, in the open market for a total value of almost $300 million.

As of the end of the third quarter, 36 hedge funds among those we track disclosed long positions in the company – two less than in the previous quarter. Among them, Pine River Capital Management, managed by Brian Taylor held the largest stake, comprising 13.4 million shares, worth $163 million.

Next up is Knowles Corp (NYSE:KN), which has advanced by almost 5.5%. It seems like the surge was triggered by an upgrade by Craig Hallum, which issued a ‘Buy’ rating and $18 price target on the stock.

Knowles Corp (NYSE:KN) also saw the hedge fund interest fall over the third quarter of 2015. A total of 13 funds from our database disclosed long stakes in the company, down from 16 in the previous quarter. Interestingly, 9.6% of the company’s outstanding stock is held by these funds, with David Goel And Paul Ferri’s Matrix Capital Management being the largest shareholder, with 3.53 million shares – worth roughly $65 million.

Finally, there’s Stratasys, Ltd. (NASDAQ:SSYS), whose shares have gained approximately 4.4%, possibly driven by 3D Systems Corporation (NYSE:DDD)’s double-digit gains. On Saturday, Barron’s published an article, reiterating their bearish view on 3D Systems Corporation (NYSE:DDD), stating that the stock could fall as low as $3, citing weakness in demand for consumer 3-D printers, among other reasons.

Among the more than 730 hedge funds that we track, 17 held long stakes in Stratasys, Ltd. (NASDAQ:SSYS) as of the end of the third quarter of 2015. In this group, we should highlight Philippe Laffont’s Coatue Management, which last disclosed holding 4.05 million shares of the 3D printing company.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.