Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a greater amount of their resources in small-cap stocks than big brokerage houses, and this is often where they generate their outperformance, which is why we pay particular attention to their best ideas in this space.
Is Brink’s Company (NYSE:BCO) a safe investment today? The best stock pickers are becoming less confident. The number of long hedge fund positions were trimmed by 1 recently. BCO was in 23 hedge funds’ portfolios at the end of September. There were 24 hedge funds in our database with BCO holdings at the end of the previous quarter. At the end of this article we will also compare BCO to other stocks including Federal-Mogul Corporation (NASDAQ:FDML), Waddell & Reed Financial, Inc. (NYSE:WDR), and MRC Global Inc (NYSE:MRC) to get a better sense of its popularity.
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At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
With all of this in mind, we’re going to take a look at the fresh action encompassing Brink’s Company (NYSE:BCO).
How have hedgies been trading Brink’s Company (NYSE:BCO)?
At the end of the third quarter, a total of 23 of the hedge funds tracked by Insider Monkey were long this stock, a drop of 4% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Jeffrey Smith’s Starboard Value LP has the number one position in Brink’s Company (NYSE:BCO), worth close to $169.8 million, corresponding to 4.6% of its total 13F portfolio. Sitting at the No. 2 spot is Mario Gabelli of GAMCO Investors, with a $77.1 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish include Dan Friedberg’s Sagard Capital Partners Management Corp, John W. Rogers’s Ariel Investments and Glenn Russell Dubin’s Highbridge Capital Management.