Is TransUnion (TRU) A Good Stock To Buy?

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With a general bullishness amongst the heavyweights, key money managers were leading the bulls’ herd. Laurion Capital Management initiated the largest position in TransUnion (NYSE:TRU). Laurion Capital Management had $43.9 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also initiated a $21.9 million position during the quarter. The following funds were also among the new TRU investors: Jonathon Jacobson’s Highfields Capital Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Clint Carlson’s Carlson Capital.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as TransUnion (NYSE:TRU) but similarly valued. We will take a look at Kinross Gold Corporation (USA) (NYSE:KGC), Jacobs Engineering Group Inc (NYSE:JEC), The Ultimate Software Group, Inc. (NASDAQ:ULTI), and Apollo Global Management LLC (NYSE:APO). This group of stocks’ market valuations resemble TRU’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
KGC 26 633503 -5
JEC 17 147916 -1
ULTI 18 155448 3
APO 21 272595 3

As you can see these stocks had an average of 20.5 hedge funds with bullish positions and the average amount invested in these stocks was $302 million. That figure was $534 million in TRU’s case. Kinross Gold Corporation (USA) (NYSE:KGC) is the most popular stock in this table. On the other hand Jacobs Engineering Group Inc (NYSE:JEC) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks TransUnion (NYSE:TRU) 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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