What Hedge Funds Think About Belo Corp. (BLC)

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Now, according to many market players, hedge funds are perceived as overrated, old financial vehicles of an era lost to time. Although there are more than 8,000 hedge funds trading in present day, this site looks at the moguls of this group, around 525 funds. It is assumed that this group has its hands on the majority of all hedge funds’ total assets, and by keeping an eye on their highest quality picks, we’ve identified a number of investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Equally as crucial, positive insider trading sentiment is a second way to analyze the financial markets. There are lots of reasons for an insider to downsize shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the impressive potential of this tactic if investors understand where to look (learn more here).

What’s more, we’re going to examine the latest info about Belo Corp. (NYSE:BLC).

Hedge fund activity in Belo Corp. (NYSE:BLC)

At Q2’s end, a total of 29 of the hedge funds we track held long positions in this stock, a change of 81% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their holdings significantly.

Belo Corp (NYSE:BLC)Out of the hedge funds we follow, Paulson & Co, managed by John Paulson, holds the most valuable position in Belo Corp. (NYSE:BLC). Paulson & Co has a $73.4 million position in the stock, comprising 0.5% of its 13F portfolio. The second largest stake is held by Matthew Halbower of Pentwater Capital Management, with a $43.3 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Some other peers that hold long positions include Robert Emil Zoellner’s Alpine Associates, Carl Tiedemann and Michael Tiedemann’s TIG Advisors and Jane Mendillo’s Harvard Management Co.

As industrywide interest increased, certain bigger names have jumped into Belo Corp. (NYSE:BLC) headfirst. Paulson & Co, managed by John Paulson, initiated the most outsized position in Belo Corp. (NYSE:BLC). Paulson & Co had 73.4 million invested in the company at the end of the quarter. Matthew Halbower’s Pentwater Capital Management also initiated a $43.3 million position during the quarter. The other funds with new positions in the stock are Robert Emil Zoellner’s Alpine Associates, Carl Tiedemann and Michael Tiedemann’s TIG Advisors, and Jane Mendillo’s Harvard Management Co.

What do corporate executives and insiders think about Belo Corp. (NYSE:BLC)?

Insider buying made by high-level executives is at its handiest when the primary stock in question has seen transactions within the past half-year. Over the last 180-day time period, Belo Corp. (NYSE:BLC) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Belo Corp. (NYSE:BLC). These stocks are Fisher Communications, Inc. (NASDAQ:FSCI), CTC Media, Inc. (NASDAQ:CTCM), Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), and LIN TV Corp (NYSE:TVL). All of these stocks are in the broadcasting – tv industry and their market caps match BLC’s market cap.

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