Is Connecticut Water Service Inc (CTWS) A Good Stock To Buy?

With general bullishness amongst the heavyweights, specific money managers have been driving this optimism. Arrowstreet Capital created the most outsized position in Connecticut Water Service Inc (NASDAQ:CTWS). Arrowstreet Capital had $0.5 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Connecticut Water Service Inc (NASDAQ:CTWS) but similarly valued. These stocks are REX American Resources Corp (NYSE:REX), Pace Holdings Corp (NASDAQ:PACE), Vera Bradley, Inc. (NASDAQ:VRA), and Nanometrics Incorporated (NASDAQ:NANO). This group of stocks’ market caps are closest to CTWS’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $123 million. That figure was $15 million in CTWS’s case. Pace Holdings Corp (NASDAQ:PACE) is the most popular stock in this table. On the other hand REX American Resources Corp (NYSE:REX) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Connecticut Water Service Inc (NASDAQ:CTWS) is even less popular than REX. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

Disclosure: None