Is Take-Two Interactive Software, Inc. (TTWO) a Good Buy?

Due to the fact that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has experienced a declination in interest from hedge fund managers, it’s easy to see that there is a sect of hedgies that slashed their entire stakes by the end of the third quarter. Intriguingly, D E Shaw cut the largest stake of all the hedgies tracked by Insider Monkey, comprising close to $16.7 million in stock. Millennium Management Subsidiary’s fund, Blue Arrow Capital Management, also said goodbye to its stock, about $10 million worth. These transactions are interesting, as aggregate hedge fund interest was cut by 5 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Take-Two Interactive Software, Inc. (NASDAQ:TTWO) but similarly valued. These stocks are Cable One Inc (NYSE:CABO), Fortress Investment Group LLC (NYSE:FIG), AMC Entertainment Holdings Inc (NYSE:AMC), and MB Financial, Inc. (NASDAQ:MBFI). This group of stocks’ market caps resemble TTWO’s market cap.

As you can see these stocks had an average of 18.75 hedge funds with bullish positions and the average amount invested in these stocks was $133 million. That figure was $905 million in TTWO’s case. Cable One Inc (NYSE:CABO) is the most popular stock in this table. On the other hand MB Financial, Inc. (NASDAQ:MBFI) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Take-Two Interactive Software, Inc. (NASDAQ:TTWO) 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.