Should You Buy Catchmark Timber Trust Inc (CTT)?

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The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge funds have been producing disappointing net returns in recent years, however that was partly due to the poor performance of small-cap stocks in general. Well, small-cap stocks finally turned the corner and have been beating the large-cap stocks by more than 10 percentage points over the last 5 months.This means the relevancy of hedge funds’ public filings became inarguable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards Catchmark Timber Trust Inc (NYSE:CTT).

Is Catchmark Timber Trust Inc (NYSE:CTT) ready to rally soon? It looks like money managers are in a bullish mood as the number of funds from our database long the stock went up by two during the third 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 NewStar Financial Inc (NASDAQ:NEWS), Everbridge Inc (NASDAQ:EVBG), and Century Communities, Inc (NYSE:CCS) to gather more data points.

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 go over the new action regarding Catchmark Timber Trust Inc (NYSE:CTT).

What have hedge funds been doing with Catchmark Timber Trust Inc (NYSE:CTT)?

Heading into the fourth quarter of 2016, a total of 13 of the hedge funds tracked by Insider Monkey were long this stock, up by 18% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards CTT over the last five quarters. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).


When looking at the institutional investors followed by Insider Monkey, Joe Huber’s Huber Capital Management has the largest position in Catchmark Timber Trust Inc (NYSE:CTT), worth close to $18.5 million. The second largest stake is held by John Thiessen’s Vertex One Asset Management, which reported a $6.1 million position; the fund has 1% of its 13F portfolio invested in the stock. Some other peers with similar optimism contain Jim Simons’ Renaissance Technologies which is one of the largest hedge funds in the world, Martin Whitman’s Third Avenue Management, and Jeffrey Bronchick’s Cove Street Capital. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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