Is Berkshire Hills Bancorp, Inc. (BHLB) Going to Burn These Hedge Funds?

As one would reasonably expect, specific money managers were leading the bulls’ herd. Nine Chapters Capital Management, managed by Chao Ku, assembled the most valuable position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Nine Chapters Capital Management had $0.3 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.3 million position during the quarter. The only other fund with a brand new BHLB position is Ken Griffin’s Citadel Investment Group.

Let’s go over hedge fund activity in other stocks similar to Berkshire Hills Bancorp, Inc. (NYSE:BHLB). We will take a look at TiVo Inc. (NASDAQ:TIVO), BNC Bancorp (NASDAQ:BNCN), Civitas Solutions Inc (NYSE:CIVI), and E-House (China) Holdings Limited (ADR) (NYSE:EJ). All of these stocks’ market caps match Berkshire Hills Bancorp, Inc. (NYSE:BHLB)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TIVO 16 97917 -2
BNCN 13 97103 -1
CIVI 7 22454 -3
EJ 15 50257 0

As you can see, these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $67 million. In Berkshire Hills Bancorp, Inc. (NYSE:BHLB)’s case, this figure stands at $36 million. TiVo Inc. (NASDAQ:TIVO) is the most popular stock in this table with 16 funds owning shares, while Berkshire Hills Bancorp, Inc. (NYSE:BHLB), even though it is not the most popular stock in this group, registers a hedge fund interest above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard TiVo Inc. (NASDAQ:TIVO) or E-House (China) Holdings Limited (ADR) (NYSE:EJ) might be better candidates to consider for a long position.