Is It Time to Buy Ultra Clean Holdings Inc (UCTT)? Smart Money Thinks So.

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As aggregate interest increased, key money managers were leading the bulls’ herd. Espalier Global Management established the biggest position in Ultra Clean Holdings Inc (NASDAQ:UCTT). Espalier Global Management had $1.1 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $0.2 million position during the quarter. The following funds were also among the new UCTT investors: Josh Goldberg’s G2 Investment Partners Management and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Ultra Clean Holdings Inc (NASDAQ:UCTT) but similarly valued. We will take a look at Marlin Business Services Corp. (NASDAQ:MRLN), Container Store Group Inc (NYSE:TCS), Olympic Steel, Inc. (NASDAQ:ZEUS), and Patriot National Inc (NYSE:PN). This group of stocks’ market valuations match UCTT’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MRLN 7 63623 1
TCS 7 13829 -5
ZEUS 9 15182 -1
PN 8 16926 3

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $27 million. That figure was $26 million in UCTT’s case. Olympic Steel, Inc. (NASDAQ:ZEUS) is the most popular stock in this table. On the other hand Marlin Business Services Corp. (NASDAQ:MRLN) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Ultra Clean Holdings Inc (NASDAQ:UCTT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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