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Hedge Funds Are Betting On MTS Systems Corporation (MTSC)

As industrywide interest jumped, key hedge funds have been driving this bullishness. Gotham Asset Management established the biggest position in MTS Systems Corporation (NASDAQ:MTSC). Gotham Asset Management had $6.1 million invested in the company at the end of the quarter. Neil Chriss’ Hutchin Hill Capital also made a $0.7 million investment in the stock during the quarter. The following funds were also among the new MTSC investors: George Hall’s Clinton Group and Matthew Tewksbury’s Stevens Capital Management.

Let’s now review hedge fund activity in other stocks similar to MTS Systems Corporation (NASDAQ:MTSC). These stocks are Gener8 Maritime Inc (NYSE:GNRT), Atara Biotherapeutics Inc (NASDAQ:ATRA), Flotek Industries Inc (NYSE:FTK), and Rapid7 Inc (NASDAQ:RPD). This group of stocks’ market values are closest to MTSC’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GNRT 21 493403 -1
ATRA 11 293741 2
FTK 13 173981 -1
RPD 5 13391 5

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $244 million. That figure was $151 million in MTSC’s case. Gener8 Maritime Inc (NYSE:GNRT) is the most popular stock in this table. On the other hand Rapid7 Inc (NASDAQ:RPD) is the least popular one with only 5 bullish hedge fund positions. MTS Systems Corporation (NASDAQ:MTSC) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GNRT might be a better candidate to consider a long position.

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