Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying These 10 Mid-Caps, Part 2

Tractor Supply Company (NASDAQ:TSCO)

-Investors with Long Positions (as of September 30): 30

-Aggregate Value of Investors’ Holdings (as of September 30): $237.01 Million

The hedge fund sentiment towards Tractor Supply Company (NASDAQ:TSCO) was very positive in the third quarter, as the number of hedge funds invested in the mid-cap company increased by ten to 30 during the quarter. As with the above stocks, the value of these investors’ holdings in the company dropped however, to $237.01 million from $246.46 million in spite of the 50% increase in shareholders, as shares fell by about 6% during the quarter. Although Tractor Supply’s business is quite seasonal (most of its sales are generated in the second and fourth quarters), the company managed to deliver quite strong financial figures in the third quarter. Its net sales grew by 8.5% year-over-year to $1.48 billion, while its comparable store sales increased by 2.9% to $1.40 billion. This increase was mainly driven by strong demand in the pet and animal categories, as well as trailers and fencing. David Harding’s Winton Capital Management holds a 647,993-share position in Tractor Supply Company (NASDAQ:TSCO) as of September 30.

Entergy Corporation (NYSE:ETR)

-Investors with Long Positions (as of September 30): 29

-Aggregate Value of Investors’ Holdings (as of September 30): $683.70 Million

The number of smart money investors with stakes in Entergy Corporation (NYSE:ETR) stood at 29 at the end of the September quarter, compared to 19 registered at the close of the prior one. Similarly, the value of the money poured into the stock by these investors grew to $683.70 million from $417.55 million during the quarter. The market price trend for energy has put significant weight on the integrated utility company, which has seen its shares decline by 24% this year. In October, the company decided that it will close two of its plants due to the weak market conditions. Entergy will continue to operate two remaining nuclear power generating facilities, one of which sells output under a 15-year agreement sealed back in 2007 at prices that exceed the current market prices. Israel Englander’s Millennium Management was among the hedge funds that initiated a position in Entergy Corporation (NYSE:ETR) during the third quarter, holding approximately 830,000 shares as of the end of September.

Follow Entergy Corp (NYSE:ETR)
Trade (NYSE:ETR) Now!

Cameron International Corporation (NYSE:CAM)

-Investors with Long Positions (as of September 30): 49

-Aggregate Value of Investors’ Holdings (as of September 30): $1.78 Billion

Cameron International Corporation (NYSE:CAM) completes our list of ten mid-cap stocks that received strong attention during the July-to-September period. The number of hedge funds in our database that were invested in the company increased to 49 from 37 during the three-month period. At the same time, the value of these stakes more than doubled quarter-over-quarter. It is also worth pointing out that these investors held slightly more than 15% of the company’s outstanding shares on September 30. At the end of August, Cameron and Schlumberger Limited. (NYSE:SLB) sealed a merger agreement, under which a subsidiary of Schlumberger will acquire all of Cameron’s outstanding stock. Hence, each shareholder of Cameron is set to receive 0.716 shares of Schlumberger common stock and $14.44 in cash for each share of Cameron. The merger is anticipated to be closed during the first quarter of 2016. Billionaire John Paulson of Paulson & Co. purchased a 3.00 million-share stake in Cameron International Corporation (NYSE:CAM) during the latest quarter.

Follow Cameron International Corp (NYSE:CAM)
Trade (NYSE:CAM) Now!

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.