Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Surely Excited As Container Store Group Inc (TCS) Dips Despite Posting Stronger-Than-Expected Earnings Results

What does Smart Money think about Container Store Group Inc (TCS)?

At the end of the first quarter, a total of seven of the hedge funds tracked by Insider Monkey were long in this stock, a decline of 22% from the fourth quarter’s end. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their stakes substantially.

Sanford J. Colen’s Apex Capital was the largest shareholder of Container Store Group Inc (NYSE:TCS) in our database at the end of the first quarter. The investment manager owned 2.14 million shares of the retailer with a market value of $40.74 million and it accounted for 2.92% of its overall equity portfolio. Chuck Royce’s Royce & Associates came in at number two on the investors’ list with a holding valued at $19.23 million and consisting of 1.00 million shares.  Jim Tarantino and Chris Galvin’s Westerly Capital Management and Dmitry Balyasny’s Balyasny Asset Management were among the other primary investors of the company. Alexander Mitchell’s Scopus Asset Management initiated a new position in the company of 336,937 shares worth $6.42 million during the first quarter.

With stronger-than-expected quarterly results and slightly positive hedge fund sentiment, we recommend a buy for the shares of Container Group Inc (NYSE:TCS) on its somewhat surprising dip today.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.