What Do Hedge Funds Think of Beneficial Bancorp Inc (BNCL)?

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track more than 700 prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile gigantic failures like hedge funds’ recent losses in Valeant. Let’s take a closer look at what the funds we track think about Beneficial Bancorp Inc (NASDAQ:BNCL) in this article.

Is Beneficial Bancorp Inc (NASDAQ:BNCL) a healthy stock for your portfolio? The smart money is becoming less confident. The number of bullish hedge fund positions retreated by 1 in recent months. BNCL was in 24 hedge funds’ portfolios at the end of September. There were 25 hedge funds in our database with BNCL positions at the end of the previous quarter. At the end of this article we will also compare BNCL to other stocks including The Fresh Market Inc (NASDAQ:TFM), BJ’s Restaurants, Inc. (NASDAQ:BJRI), and Sturm, Ruger & Company (NYSE:RGR) to get a better sense of its popularity.

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Keeping this in mind, we’re going to take a gander at the key action regarding Beneficial Bancorp Inc (NASDAQ:BNCL).

How have hedgies been trading Beneficial Bancorp Inc (NASDAQ:BNCL)?

At Q3’s end, a total of 24 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -4% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their holdings substantially (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Matt Sirovich and Jeremy Mindich’s Scopia Capital has the largest position in Beneficial Bancorp Inc (NASDAQ:BNCL), worth close to $101.7 million, corresponding to 2.2% of its total 13F portfolio. The second largest stake is held by Jim Simons of Renaissance Technologies, with an $37.6 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other peers that are bullish contain Emanuel J. Friedman’s EJF Capital, D E Shaw and Neil Chriss’ Hutchin Hill Capital.