Hillshire Brands Co (HSH), Iron Mountain Incorporated (IRM): Billionaire Israel Englander Catapults New Stocks

Even still, Virgin Media Inc. (NASDAQ:VMED) appears to be a compelling company. During 1Q, the company improved its average monthly churn rate to 1.1% from 1.2% in the year-ago quarter. Also, during 1Q, the company added a net total of 171,900 Internet TV customers. Some of this robust growth is attributed to Virgin Media Inc. (NASDAQ:VMED)’s leading entertainment business that offers the first “quad” service of its kind, offering television, broadband, fixed-line telephone and mobile-telephone services in the U.K.

Virgin Media Inc. (NASDAQ:VMED) is the U.K.’s most popular residential broadband and pay-as-you-go mobile provider and the second-largest provider of pay television and fixed-line telephone services. From a valuation perspective, Virgin Media Inc. (NASDAQ:VMED) trades at a P/E of only 3.6 times, compared to some of the other major cable and media companies, including BSkyB’s 13.7 times and Comcast Corporation (NASDAQ:CMCSA)’s 17.6 times.

The number-two stock is Hillshire Brands Co (NYSE:HSH) after a 657% increase in shares owned. Hillshire Brands Co (NYSE:HSH) manufactures and markets food solutions for the retail and food-services markets, including top brands Jimmy Dean, Ball Park, Hillshire Brands Co (NYSE:HSH) Farm and Sara Lee frozen bakery. Hillshire is the result of a split of Sara Lee, where the interest in Sara Lee’s international coffee and tea business was spun off as D.E. Master Blenders.

Commodity costs have hurt a number of the major meat producers, thanks to warmer-than-expected weather and drought conditions. This pressure could well continue over the interim. Since the spin-off, Hillshire Brands Co (NYSE:HSH) is looking to undertake various cost reductions. Back in May, the company invested upwards of $100 million for cost cutting, and expects to save $80 million annually between fiscal year 2013 and 2016.

However, from a valuation standpoint, Hillshire Brands Co (NYSE:HSH) appears to be a bit expensive. Hillshire trades at 55 times earnings, while peers Bridgford Foods Corporation (NASDAQ:BRID) and Tyson Foods, Inc. (NYSE:TSN) are at 17 times. With this high P/E ratio and only a mediocre expected EPS growth rate, Hillshire has a high PEG ratio at 2.2.

At the end of the first quarter, there were a total of 32 hedge funds long the stock. Richard Perry’s Perry Capital has the largest position in Hillshire Brands Co (NYSE:HSH), worth $203 million and comprising 6.5% of its 13F portfolio. Sitting in the second spot is billionaire Ken Griffin of Citadel Investment Group with a $120 million position (check out Griffin’s newest picks).

Making up the third largest holding is Advance Auto Parts, Inc. (NYSE:AAP), after a 751% increase in shares owned during the first quarter. Advance Auto Parts, Inc. (NYSE:AAP) operates in the U.S. auto-aftermarket industry, selling replacement parts and accessories. Advance Auto Parts, Inc. (NYSE:AAP) also happens to be the second-leading auto retailer catering to the “do it yourself” (DIY) and “do it for me” customers, with a focus on the DIY market, making up 75% of revenue.

Part of what Advance hopes will set it apart from the likes of AutoZone, Inc. (NYSE:AZO) and O’Reilly Automotive Inc (NASDAQ:ORLY) is its focus on the commercial customer base.