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Babcock & Wilcox Co (BWC), Chico’s FAS, Inc. (CHS): Activist Clifton Robbins Betting On These Small-Caps

Robbins reported ownership of 27.47 million shares of Investors Bancorp, Inc. (NASDAQ:ISBC), which had a market value of $321.97 million on March 31. In the previous quarter, Investors Bancorp, Inc. (NASDAQ:ISBC) didn’t register any surprise, delivering earnings per share of $0.12, which was the same as what analysts were predicting. In the short term, Wall Street analysts expect the stock to hit a price of $12.96, while Zacks’ analysts have given the stock a “Neutral” rating, based on the consensus of seven analysts. There are several reasons why Investors Bancorp, Inc. (NASDAQ:ISBC) is of interest to investors and could outperform the muted sentiment for it among analysts, including its revenue growth, solid growth in net income, and consistent stock price. These are some things that attract investors to a stock, regardless of the environment or industry where it operates. Besides Blue Harbour Group the firm had a total of 31 other hedge funds invested in it out of the 730 hedge funds that we follow. Some of those are Jonathon Jacobsen‘s Highfields Capital Management, Empyrean Capital Partners, and Renaissance Technologies.

The third and last company that we are going to look into is Chico’s FAS, Inc. (NYSE:CHS), in which Blue Harbour Group held a total of 10.53 million shares with a market value of $186.19 million. Chico’s FAS, Inc. (NYSE:CHS) posted a profit of $32.5 million, or $0.22 per share for the first quarter of 2015, failing to meet analysts’ estimate of $0.28 per share. Year-over-year, the company’s performance went down in terms of earnings per share, having posted $0.26 in the same period last year. The company’s performance in the quarter can be attributed to its restructuring plans that included reducing capital spending, the implementation of store closures, and job cuts. At the end of the quarter, a total of 26 hedge funds were invested in the company, including billionaire Ken Griffin‘s Citadel Investment Group, billionaire Jim Simons’ Renaissance Technologies and Cliff Asness’ AQR Capital Management. Blue Harbour Group however , remained the largest shareholder in our database

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