Is CBL & Associates Properties, Inc. (CBL) A Good Stock To Buy?

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Consequently, key money managers have jumped into CBL & Associates Properties, Inc. (NYSE:CBL) headfirst. Balyasny Asset Management, managed by Dmitry Balyasny, assembled the most outsized position in CBL & Associates Properties, Inc. (NYSE:CBL). Balyasny Asset Management had $6.1 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also made a $2.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Chao Ku’s Nine Chapters Capital Management, Matthew Hulsizer’s PEAK6 Capital Management, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s check out hedge fund activity in other stocks similar to CBL & Associates Properties, Inc. (NYSE:CBL). These stocks are PRA Health Sciences Inc (NASDAQ:PRAH), Criteo SA (ADR) (NASDAQ:CRTO), Medidata Solutions Inc (NASDAQ:MDSO), and PriceSmart, Inc. (NASDAQ:PSMT). This group of stocks’ market caps match CBL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PRAH 11 37629 0
CRTO 20 264518 -1
MDSO 17 72845 0
PSMT 12 47790 3

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $106 million. That figure was $138 million in CBL’s case. Criteo SA (ADR) (NASDAQ:CRTO) is the most popular stock in this table. On the other hand PRA Health Sciences Inc (NASDAQ:PRAH) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks CBL & Associates Properties, Inc. (NYSE:CBL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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