Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is LMI Aerospace, Inc. (LMIA) Going to Burn These Hedge Funds?

Page 1 of 2

Is LMI Aerospace, Inc. (NASDAQ:LMIA) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also have numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Is LMI Aerospace, Inc. a buy right now? The smart money is becoming less confident. The number of bullish hedge fund positions retreated by 1 lately. At the end of this article we will also compare LMIA to other stocks including Abraxas Petroleum Corp. (NASDAQ:AXAS), Pioneer Energy Services Corp (NYSE:PES), and Dynamic Materials Corporation (NASDAQ:BOOM) to get a better sense of its popularity.

Follow Lmi Aerospace Inc (NASDAQ:LMIA)
Trade (NASDAQ:LMIA) Now!

According to most shareholders, hedge funds are perceived as slow, outdated investment tools of years past. While there are greater than 8000 funds trading today, our researchers hone in on the aristocrats of this group, about 700 funds. These investment experts preside over the bulk of the hedge fund industry’s total asset base, and by shadowing their first-class investments, Insider Monkey has found many investment strategies that have historically outstripped the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy defeated the S&P 500 index by 12 percentage points annually for a decade in their back tests.

With all of this in mind, we’re going to take a glance at the latest action encompassing LMI Aerospace, Inc. (NASDAQ:LMIA).

Hedge fund activity in LMI Aerospace, Inc. (NASDAQ:LMIA)

At Q3’s end, a total of 7 of the hedge funds tracked by Insider Monkey were bullish on this stock, a slide of 13% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings substantially (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Chuck Royce’s Royce & Associates has the biggest position in LMI Aerospace, Inc. (NASDAQ:LMIA), worth close to $13 million, amounting to 0.1% of its total 13F portfolio. The second most bullish fund manager is Phill Gross and Robert Atchinson’s Adage Capital Management, with an $11.6 million position; less than 0.1% of its 13F portfolio is allocated to the company. Remaining peers that are bullish on this stock encompass Peter Schliemann’s Rutabaga Capital Management, Jim Simons’s Renaissance Technologies and Israel Englander’s Millennium Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!