Is Cardtronics PLC (CATM) Good Stock To Buy?

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The elite funds run by legendary investors such as Dan Loeb and David Tepper make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don’t follow. Because of their pay structures, they have strong incentive to do the research necessary to beat the market. That’s why we pay close attention to what they think in small cap stocks. In this article, we take a closer look at Cardtronics PLC (NASDAQ:CATM) from the perspective of those elite funds.

Cardtronics PLC (NASDAQ:CATM) shareholders have witnessed an increase in activity from the world’s largest hedge funds lately. CATM was in 19 hedge funds’ portfolios at the end of September. There were 14 hedge funds in our database with CATM holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as GATX Corporation (NYSE:GATX), Taylor Morrison Home Corp (NYSE:TMHC), and Herman Miller, Inc. (NASDAQ:MLHR) to gather more data points.

Follow Cardtronics Inc (NASDAQ:CATM)

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.

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With all of this in mind, let’s take a look at the fresh action encompassing Cardtronics PLC (NASDAQ:CATM).

What have hedge funds been doing with Cardtronics PLC (NASDAQ:CATM)?

At Q3’s end, a total of 19 of the hedge funds tracked by Insider Monkey were long this stock, a boost of 36% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).


According to Insider Monkey’s hedge fund database, Jim Simons’s Renaissance Technologies has the biggest position in Cardtronics PLC (NASDAQ:CATM), worth close to $15.4 million, accounting for less than 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Pine River Capital Management, run by Brian Taylor, which holds a $8.6 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions encompass Nick Niell’s Arrowgrass Capital Partners, Ken Griffin’s Citadel Investment Group and Ken Fisher’s Fisher Asset Management.

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