Is Triple-S Management Corp.(GTS) A Good Stock To Buy?

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As one would reasonably expect, some big names were leading the bulls’ herd. Algert Coldiron Investors, managed by Peter Algert and Kevin Coldiron, established the most valuable position in Triple-S Management Corp.(NYSE:GTS). Algert Coldiron Investors had $0.5 million invested in the company at the end of the quarter. Jim Simons’ Renaissance Technologies also initiated a $0.4 million position during the quarter. The following funds were also among the new GTS investors: Peter Muller’s PDT Partners, Mike Vranos’s Ellington, and Matthew Tewksbury’s Stevens Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Triple-S Management Corp.(NYSE:GTS) but similarly valued. These stocks are Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Incontact Inc (NASDAQ:SAAS), Stock Building Supply Holdings Inc (NASDAQ:STCK), and Acacia Research Corporation (NASDAQ:ACTG). This group of stocks’ market valuations resemble GTS’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ARNA 12 36184 -1
SAAS 12 59952 -8
STCK 11 87235 1
ACTG 11 62153 -5

As you can see these stocks had an average of 11.5 hedge funds with bullish positions and the average amount invested in these stocks was $61 million. That figure was $77 million in GTS’s case. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is the most popular stock in this table. On the other hand Stock Building Supply Holdings Inc (NASDAQ:STCK) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Triple-S Management Corp.(NYSE:GTS) 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.

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