Finish Line Posts Weak Earnings but Here’s Why You Might Still Want to Bet on It

Hedge funds are bullish on Finish Line. Our data show that the aggregate value of hedge funds’ holdings in Finish Line increased to $293 million from $205 million during the second quarter, while the number of funds remained flat at 23. Overall, hedge funds’ stakes accounted for 23% of Finish Line’s float at the end of June. Among the funds that increased their positions were Ken Griffin’s Citadel Investment Group, which increased its holding by 85% to 2.02 million shares, and Israel Englander’s Millennium Management, which upped its stake by 81% to 688,671 shares. Dmitry Balyasny’s Balyasny Asset Management established a new position of 830,872 shares, while SG Capital Management set up a new stake of 612,908 shares. On the other hand, Chuck Royce‘s Royce & Associates, decreased its stake by 16%, but still had 4.32 million shares at the end of June. Overall, seven of the top 10 shareholders of Finish Line either increased their positions or disclosed new stakes.

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