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Monro Muffler Brake Inc (NASDAQ:MNRO) investors should be aware of an increase in support from the world’s most elite money managers lately. Monro Muffler Brake Inc (NASDAQ:MNRO) was in 16 hedge funds’ portfolios at the end of the third quarter of 2015. There were 11 hedge funds in our database with Monro Muffler Brake Inc (NASDAQ:MNRO) holdings at the end of the previous quarter. At the end of this article, we will also compare Monro Muffler Brake Inc (NASDAQ:MNRO) to other stocks, including WP Glimcher Inc (NYSE:WPG), and National Health Investors Inc (NYSE:NHI) to get a better sense of its popularity.
In the financial world, there are a large number of tools that stock traders can use to grade their stock investments. Some of the most underrated tools are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the best picks of the elite hedge fund managers can outpace the market by a solid amount (see the details here).
Keeping this in mind, we’re going to analyze the key action surrounding Monro Muffler Brake Inc (NASDAQ:MNRO).
What have hedge funds been doing with Monro Muffler Brake Inc (NASDAQ:MNRO)?
At the end of the third quarter, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 45% from the previous quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Charles Akre’s Akre Capital Management has the biggest position in Monro Muffler Brake Inc (NASDAQ:MNRO), worth close to $101.9 million, comprising 2.4% of its total 13F portfolio. The second largest stake is held by Daruma Asset Management, led by Mariko Gordon, holding a $52.8 million position; 3.2% of its 13F portfolio is allocated to the stock. Some other members of the smart money that are bullish contain Chuck Royce’s Royce & Associates, Ken Grossman and Glen Schneider’s SG Capital Management, and Legg Mason Capital Management.