In this article, we will take a look at the top 5 stocks to sell now according to Christopher Hillary’s Roubaix Capital. If you want to read our detailed analysis of Christopher Hillary’s history, investment philosophy, and hedge fund performance and go directly to the 10 Stocks to Sell Now According to Christopher Hillary’s Roubaix Capital.
5. Metropolitan Bank Holding Corp. (NYSE:MCB)
Number of Hedge Fund Holders: 23
According to hedge funds data tracked by Insider Monkey, 23 hedge funds have investments in Metropolitan Bank Holding Corp. (NYSE:MCB) at the end of the third quarter of 2021, worth over $176 million. Metropolitan Bank Holding Corp. (NYSE:MCB) provides financial services to business, commercial, and retail consumers through its Metropolitan Commercial Bank.
Roubaix Capital sold 57,363 of its shares in Metropolitan Bank Holding Corp. (NYSE:MCB) in the third quarter of 2021, valued at $3.45 million.
In the September quarter of 2021, Metropolitan Bank Holding Corp. (NYSE:MCB) reported an EPS of $1.82, beating the market estimates by $0.26. Revenue for Q3 came in at $46.68 million, beating the market consensus by $2.08 million.
4. Rent-A-Center, Inc. (NASDAQ:RCII)
Number of Hedge Fund Holders: 28
Rent-A-Center, Inc. (NASDAQ:RCII) is a Texas-based company operating in the industrial sector. The company is engaged in the leasing of durable goods to customers on a lease-to-own basis. These goods include furniture, appliances, consumer electronics, and computer.
Insider Monkey tracked that Rent-A-Center, Inc. (NASDAQ:RCII) was in the portfolio of 28 hedge funds in the September quarter of 2021, valued at $379 million.
In the second quarter of 2021, Roubaix Capital held 74,517 shares in Rent-A-Center, Inc. (NASDAQ:RCII), valued at $3.96 million, which the hedge fund sold in the third quarter of 2021.
In the third quarter filings, Rent-A-Center, Inc. (NASDAQ:RCII) posted an EPS of $1.52, beating the market estimates by $0.03. Q3 revenue came in at $1.18 billion, beating the market consensus by $2.78 million.
Raymond James, on November 05, 2021, lowered its price target on Rent-A-Center, Inc. (NASDAQ:RCII) to $65 from $70 and kept a “Strong Buy” rating on the shares. Engaged Capital is the leading hedge fund investor in Rent-A-Center, Inc. (NASDAQ:RCII) as of the third quarter of 2021.
3. Genius Sports Ltd (NYSE:GENI)
Number of Hedge Fund Holders: 31
Roubaix Capital sold all 221,289 shares in Genius Sports Ltd (NYSE:GENI) in the third quarter, valued at $4.15 million. Washington Harbour Partners is the leading hedge fund investor in Genius Sports Ltd (NYSE:GENI) as of the end of Q3 2021.
On December 01, 2021, Citi lowered its price target on the stock to $13 from $22 and continued a “Buy” rating on the stock.
2. Immersion Corporation (NASDAQ:IMMR)
Number of Hedge Fund Holders: 16
Immersion Corporation (NASDAQ:IMMR) is based in California and operates as a tech company by developing and licensing haptic technology. This technology is used in various appliances like mobiles, medical training equipment, and consoles.
Insider Monkey tracked that 16 hedge funds had stakes in Immersion Corporation (NASDAQ:IMMR) in the September quarter of 2021. These stakes are valued at $51.4 million. The number of the hedge fund has decreased from 21 as tracked in the previous quarter, showing a negative hedge fund sentiment.
Roubaix Capital held 526,278 shares of the company in the second quarter of 2021, worth $4.62 million, which the hedge fund sold in the third quarter.
1. Repro Med Systems, Inc. (NASDAQ:KRMD)
Number of Hedge Fund Holders: 9
Repro Med Systems, Inc. (NASDAQ:KRMD) is a New York-based healthcare company that develops, manufactures, and markets medical devices and instruments in the US and internationally.
Stakes worth $8.6 million are invested in Repro Med Systems, Inc. (NASDAQ:KRMD) by 9 hedge funds as of the end of September quarter of 2021, as tracked by Insider Monkey.
Roubaix Capital sold its 1.53 million shares in Repro Med Systems, Inc. (NASDAQ:KRMD) in the third quarter of 2021, valued at $7.105 million.
On November 10, 2021, Repro Med Systems, Inc. (NASDAQ:KRMD) reported its Q3 EPS to be $0.02 in line with the market estimates. Similarly, revenue came in at $6 million, beating the estimates of $5.42 million.
You can also take a peek at 10 Best Stocks to Buy According to Warren Buffett and 10 Healthcare Stocks to Buy According to John Rogers’ Ariel Investments.
