Most Bought By Hedge Funds

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Follow this list to discover and track the stocks that were bought the most by hedge funds in the last quarter.

30 Symbols

Zacks
Antero Resources (AR) Upgraded to Buy: Here's Why
Antero Resources (AR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Zacks
Phillips 66 (PSX) Gears Up for Q4 Earnings: What's in Store?
Phillips 66's (PSX) fourth-quarter 2019 earnings are expected to have been hurt by lower refining income, partially offset by higher midstream and chemical profits.
Zacks
ExxonMobil (XOM) to Report Q4 Earnings: What's in Store?
ExxonMobil's (XOM) fourth-quarter 2019 profits are expected to have been affected by lower commodity prices and weak downstream earnings, partially offset by higher production.
Skift
Chile’s Latam Airlines Improves Premium Product Ahead of Delta Tie-Up
Chile-based airline Latam has entered 2020 on the heels of several big changes, including Delta Air Lines’ landmark $1.9 billion investment in the carrier and the news that longtime CEO Enrique Cueto will step down on March 31. But another development tucked a bit further from view is a new milestone in the carrier’s long-term […]
Zacks
Is a Beat in Store for Magellan Midstream's (MMP) Q4 Earnings?
Growing transported volumes of gasoline, diesel and crude oil are likely to have contributed to Magellan Midstream's (MMP) Q4 Earnings.
Zacks
Implied Volatility Surging for Callon Petroleum (CPE) Stock Options
Investors need to pay close attention to Callon Petroleum (CPE) stock based on the movements in the options market lately.
Zacks
Valero (VLO) Gears Up for Q4 Earnings: What's in the Cards?
Valero Energy's (VLO) fourth-quarter 2019 earnings are expected to have been affected by lower profits from the Refining business.
Bloomberg
Gym Chains Wrestle With Debt Even as Fitness Industry Is Growing
(Bloomberg) -- It’s midday, mid-January at a New York Sports Club in Manhattan. Weights are clanking. Classic rock is pumping. Sweat is sprouting. A steady stream of customers files in and out.Despite the buzz of the busiest time of year, debt problems are bedeviling the fitness business, especially middle-market gym chains such as parent company Town Sports International Holdings Inc. and its peer, 24 Hour Fitness Worldwide Inc.Gyms have benefited from economic expansion. More Americans than ever have memberships. But popularity aside, middle-tier operators “don’t have the same price advantage of a low-cost gym or the competitive advantage of a boutique fitness option,” said Emile Courtney of S&P Global Ratings.They’re up against luxury operators like Equinox Holdings Inc., with its eucalyptus-scented towels and debt that trades at 100 cents on the dollar. By contrast, Town Sports and 24 Hour struggle with customer turnover and their loans are sold at discounts of more than 20%.“Personalization and tribalism are fueling the boutique demand, especially among millennials,” said Meredith Poppler of the trade group International Health, Racquet & Sportsclub Association. “Most people want to be with ‘their people,’ the people like them who have the same passions. Boutiques deliver on that.”Town Sports, with 600,000 members, has a $194 million loan due in November. Before its proposal earlier this month to buy Flywheel Sports Inc., an indoor cycling club with 300,000 members, Town Sports hadn’t outlined a plan to repay it, according to Margaret Taylor of Moody’s Investors Service.Delay MaturityBut the company can delay the loan’s maturity four years if it completes the acquisition. Kennedy Lewis Investment Management, the current Flywheel owner, would also bring $50 million to the transaction.The plan, however, is conditioned on the support of existing debt holders. Without their consent, the deal could fall apart and the company would be left with the loan’s November maturity.Ideally, adding Flywheel would give Town Sports the chance to boost revenue by selling members more expensive packages, according to S&P. Even so, the debt taken on to buy Flywheel would probably mean more financial strain on Town Sports, S&P said.Sweeten AppealThe Town Sports loan coming due this year is trading at about 76.5 cents on the dollar, according to data compiled by Bloomberg. Shares of the company, which hit $14.75 in July 2018, now go for less than $3.Town Sports didn’t respond to requests for comment.The Flywheel acquisition is also an effort to sweeten Town Sports’s appeal to boutique customers like 29-year-old Alexandra Antonacci-Bolanos. The medical-device executive from West Islip, New York, said she doesn’t mind paying more for fitness because it lifts her spirits. On top of $70 a month for a gym membership, she said she spends about $36 a class for SoulCycle -- a company under the same corporate umbrella as Equinox -- which is often described as a cardio dance party.“It’s my therapy,” she said.Rocky DebutClosely held 24 Hour Fitness, with more than 440 clubs, carries too much debt for what it earns, according to Taylor of Moody’s. The company reported a slide in earnings last year partly due to the rocky debut of an automated system for checking in and signing up customers. Its membership declined to 3.4 million at the end of the third quarter from 3.5 million in the previous quarter, according to Moody’s. Its average monthly attrition rate rose to 4.1% compared with 3.9% in the third quarter of last year.Cancellations are killers for gyms. It costs twice as much to recruit a new member as it does to retain an existing one. Roughly 28 of 100 U.S. gym members are expected to bail this year, according to the trade group.24 Hour Fitness’s more than $800 million term loan is trading at around 78 cents on the dollar, according to Bloomberg pricing data.“We see a tremendous opportunity in the mid-tier that hasn’t yet been realized,” Tony Ueber, 24 Hour Fitness’s chief executive officer, said in a statement to Bloomberg. “As a result, we are in the process of transforming our business model and making the necessary investments to firmly establish a leadership position in the industry.”Monthly FeesMeanwhile, shares of Planet Fitness Inc., with its $10 monthly fees and promise of “judgment-free zones,” have gained about 36% in the past year.Though S&P said last week it downgraded Equinox to B-, non-investment-grade territory, because its increased expenses make the company more vulnerable to an economic downturn or “an inadvertent operating misstep,” the credit-rating company also lauded Equinox’s “strong brand awareness among consumers” and customer loyalty that set it apart from competitors.Closely held Equinox said it planned to open 10 new clubs this year. It declined to comment on its financial position.Jonathan Germer, a 29-year-old teacher from Sayville, New York, said he’s involved in different approaches to fitness, including Crossfit Inc. He said he likes the sense of community of Peloton Interactive Inc., even though he shares no physical space with others.Germer said he spent just under $2,000 for a Peloton stationary bike and pays $40 a month for a digital membership that allows him to join streaming classes at home.“To be able to feel like you’re a part of something that feels bigger than small-time America is great for so many people,” Germer said. “It feels bigger than a little fitness world.”To contact the reporter on this story: Katherine Doherty in New York at kdoherty23@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Bob IvryFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Simply Wall St.
A Sliding Share Price Has Us Looking At Callon Petroleum Company's (NYSE:CPE) P/E Ratio
To the annoyance of some shareholders, Callon Petroleum (NYSE:CPE) shares are down a considerable 31% in the last...
Zacks
Implied Volatility Surging for Acorda (ACOR) Stock Options
Investors need to pay close attention to Acorda (ACOR) stock based on the movements in the options market lately.
Simply Wall St.
Those Who Purchased Oasis Petroleum (NASDAQ:OAS) Shares Three Years Ago Have A 83% Loss To Show For It
As every investor would know, not every swing hits the sweet spot. But you want to avoid the really big losses like...
Zacks
Gulfport's Bearish Run Persists: Can the Stock Turn Around?
With natural gas prices recently diving to more than three-year lows and Gulfport (GPOR) positioned as one of the most gas-weighted upstream players, the company's performance is weighed on.
Zacks
Here's Why You Should Hold on to SM Energy (SM) Stock Now
Given SM Energy's (SM) increasing focus on oil, specifically in the Permian and Eagle Ford regions, we believe that the company will be able to boost oil-weighted activity.
Simply Wall St.
Is NanoString Technologies (NASDAQ:NSTG) Weighed On By Its Debt Load?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Zacks
Here's Why You Should Add Murphy Oil (MUR) in Your Portfolio
Murphy Oil (MUR) is an appropriate investment pick, courtesy of these five factors.
Zacks
Natural Gas Falls to Lowest Since 2016: Has it Bottomed Out?
Natural gas futures slumped to their lowest level in more than three and a half years after weather updates showed milder temperatures and pessimistic signs for heating demand over the next few days.
Zacks
Implied Volatility Surging for Oasis Petroleum (OAS) Stock Options
Investors need to pay close attention to Oasis Petroleum (OAS) stock based on the movements in the options market lately.
Zacks
Yes, You Can Time the Market. Find out How - January 17, 2020
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
Zacks
Trade Deal Impacts the Energy Sector: LNG to Gain the Most?
Of the additional $200-billion purchase of U.S. goods over the next two years (keeping 2017 imports as the base level), $52.4 billion will likely come from the energy sector.
Zacks
Overseas Strength to Aid Baker Hughes' (BKR) Q4 Earnings
The ramp-up in international drilling operations has likely contributed to Baker Hughes' (BKR) Q4 earnings.
Simply Wall St.
Gulfport Energy Corporation (NASDAQ:GPOR): What Does Its Beta Value Mean For Your Portfolio?
Anyone researching Gulfport Energy Corporation (NASDAQ:GPOR) might want to consider the historical volatility of the...
Simply Wall St.
Did Centennial Resource Development, Inc. (NASDAQ:CDEV) Insiders Buy Up More Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Simply Wall St.
Market Sentiment Around Loss-Making Axonics Modulation Technologies, Inc. (NASDAQ:AXNX)
Axonics Modulation Technologies, Inc.'s (NASDAQ:AXNX): Axonics Modulation Technologies, Inc., a medical technology...
Zacks
Find Cheap Highly-Ranked Stocks Trading Under $10 for 2020
Find Cheap Highly-Ranked Stocks Trading Under $10 for 2020
Zacks
The Zacks Analyst Blog Highlights: EQT, Gulfport Energy, Southwestern Energy, Cabot Oil & Gas and SilverBow Resources
The Zacks Analyst Blog Highlights: EQT, Gulfport Energy, Southwestern Energy, Cabot Oil & Gas and SilverBow Resources