Is Solera Holdings Inc (SLH) A Good Stock To Buy?

As aggregate interest increased, key money managers were breaking ground themselves. Arrowgrass Capital Partners, managed by Nick Niell, initiated the most valuable position in Solera Holdings Inc (NYSE:SLH). Arrowgrass Capital Partners had $165.9 million invested in the company at the end of the quarter. Carl Tiedemann and Michael Tiedemann’s TIG Advisors also made an $120.5 million investment in the stock during the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Solera Holdings Inc (NYSE:SLH) but similarly valued. We will take a look at PTC Inc (NASDAQ:PTC), First Niagara Financial Group Inc. (NASDAQ:FNFG), NetScout Systems, Inc. (NASDAQ:NTCT), and CNO Financial Group Inc (NYSE:CNO). This group of stocks’ market caps are closest to SLH’s market cap.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $381 million. That figure was $983 million in SLH’s case. PTC Inc (NASDAQ:PTC) is the most popular stock in this table. On the other hand CNO Financial Group Inc (NYSE:CNO) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Solera Holdings Inc (NYSE:SLH) 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.