Is Chambers Street Properties (CSG) A Good Stock To Buy?

As aggregate interest increased, some big names have been driving this bullishness. Manikay Partners, managed by Shane Finemore, assembled the most valuable position in Chambers Street Properties (NYSE:CSG). Manikay Partners had $17.9 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also made a $6.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Arthur Wrubel’s Wesley Capital Management, Michael Thompson’s BHR Capital, and Chao Ku’s Nine Chapters Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Chambers Street Properties (NYSE:CSG) but similarly valued. These stocks are Sanderson Farms, Inc. (NASDAQ:SAFM), Acxiom Corporation (NASDAQ:ACXM), WMS Industries Inc. (NYSE:WMS), and Revlon Inc (NYSE:REV). This group of stocks’ market values are closest to CSG’s market value.

As you can see these stocks had an average of 13.75 hedge funds with bullish positions and the average amount invested in these stocks was $216 million. That figure was $129 million in CSG’s case. Sanderson Farms, Inc. (NASDAQ:SAFM) is the most popular stock in this table. On the other hand Revlon Inc (NYSE:REV) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Chambers Street Properties (NYSE:CSG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and the increase in the total number of elite funds long the stock, it may be a good idea to analyze it in detail and potentially include it in your portfolio.