Is Cardtronics PLC (CATM) Good Stock To Buy?

Consequently, key hedge funds were leading the bulls’ herd. Fisher Asset Management, led by Ken Fisher, established the biggest position in Cardtronics PLC (NASDAQ:CATM). According to its latest 13F filing, the fund had $4.4 million invested in the company at the end of the quarter. Robert B. Gillam’s McKinley Capital Management also made a $4.1 million investment in the stock during the quarter. The other funds with new positions in the stock are John Overdeck and David Siegel’s Two Sigma Advisors, George Hall’s Clinton Group, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s also examine hedge fund activity in other stocks similar to Cardtronics PLC (NASDAQ:CATM). We will take a look at GATX Corporation (NYSE:GATX), Taylor Morrison Home Corp (NYSE:TMHC), Herman Miller, Inc. (NASDAQ:MLHR), and John Bean Technologies Corporation (NYSE:JBT). This group of stocks’ market valuations resemble CATM’s market valuation.

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 $94 million. That figure was $61 million in CATM’s case. Herman Miller, Inc. (NASDAQ:MLHR) is the most popular stock in this table. On the other hand Taylor Morrison Home Corp (NYSE:TMHC) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Cardtronics PLC (NASDAQ:CATM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.