Is Ladenburg Thalmann Financial Services (LTS) A Good Stock to Buy?

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Now, some big names were breaking ground themselves. Millennium Management, one of the 10 largest hedge funds in the world, established the biggest position in Ladenburg Thalmann Financial Services (NYSEMKT:LTS). Millennium Management had $0.1 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks similar to Ladenburg Thalmann Financial Services (NYSEMKT:LTS). These stocks are Gener8 Maritime Inc (NYSE:GNRT), Haverty Furniture Companies, Inc. (NYSE:HVT), Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN), and Tarena International Inc(ADR) (NASDAQ:TEDU). This group of stocks’ market values are similar to LTS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GNRT 16 215979 -1
HVT 11 68022 1
XIN 8 19766 2
TEDU 7 22223 -1

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $81 million. That figure was just $2 million in LTS’s case. Gener8 Maritime Inc (NYSE:GNRT) is the most popular stock in this table. On the other hand Tarena International Inc(ADR) (NASDAQ:TEDU) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Ladenburg Thalmann Financial Services (NYSEMKT:LTS) is even less popular than TEDU. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

Disclosure: None

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