At Insider Monkey, we pore over the filings of more than 700 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this article, we will use that wealth of knowledge to determine whether or not Cardtronics, Inc. (NASDAQ:CATM) makes for a good investment right now.
Cardtronics, Inc. (NASDAQ:CATM) was in 16 hedge funds’ portfolios at the end of the third quarter of 2015 and has experienced an increase in hedge fund interest in recent months. There were 14 hedge funds in our database with CATM positions at the end of the previous quarter. At the end of this article we will also compare CATM to other stocks including Mattress Firm Holding Corp (NASDAQ:MFRM), Joy Global Inc. (NYSE:JOY), and Loral Space & Communications Ltd. (NASDAQ:LORL) to get a better sense of its popularity.
To the average investor, there are a lot of gauges market participants put to use to assess their holdings. A duo of the less known gauges are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the best picks of the best investment managers can outclass the S&P 500 by a healthy margin (see the details here).
Now, we’re going to review the recent action encompassing Cardtronics, Inc. (NASDAQ:CATM).
How are hedge funds trading Cardtronics, Inc. (NASDAQ:CATM)?
Heading into Q4, a total of 16 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 14% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Lee Munder Capital Group, managed by Lee Munder, holds the biggest position in Cardtronics, Inc. (NASDAQ:CATM). Lee Munder Capital Group has a $21.8 million position in the stock, comprising 0.5% of its 13F portfolio. Coming in second is Brian Taylor of Pine River Capital Management, with a $7 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions comprise Ken Griffin’s Citadel Investment Group, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Jim Simons’s Renaissance Technologies.