FCB Financial Holdings Inc (FCB): Are Hedge Funds Right About This Stock?

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FCB Financial Holdings Inc (NYSE:FCB) investors should pay attention to a decrease in hedge fund sentiment recently. FCB was in 21 hedge funds’ portfolios at the end of the third quarter of 2016. There were 23 hedge funds in our database with FCB positions at the end of the previous quarter. At the end of this article we will also compare FCB to other stocks including Flagstar Bancorp Inc (NYSE:FBC), Consolidated Communications Holdings Inc (NASDAQ:CNSL), and Ship Finance International Limited (NYSE:SFL) to get a better sense of its popularity.

Follow Fcb Financial Holdings Inc. (NYSE:FCB)

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What does the smart money think about FCB Financial Holdings Inc (NYSE:FCB)?

At the end of the third quarter, a total of 21 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 9% fall from one quarter earlier. While fluctuating up and down throughout the last year, hedge fund ownership has nonetheless remained very stable, at between 21 and 23 funds long the stock. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Elliott Management, managed by Paul Singer, holds the largest position in FCB Financial Holdings Inc (NYSE:FCB). Elliott Management has a $51.2 million position in the stock. The second most bullish fund manager is Citadel Investment Group, led by Ken Griffin, holding a $16.1 million position. Remaining peers with similar optimism consist of Fred Cummings’ Elizabeth Park Capital Management, Sharif Siddiqui’s Alpenglow Capital and Paritosh Gupta’s Adi Capital Management.

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