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Should You Buy Jones Lang LaSalle Inc (JLL)?

As one would reasonably expect, specific money managers were leading the bulls’ herd. PDT Partners, managed by Peter Muller, assembled the most outsized position in Jones Lang LaSalle Inc (NYSE:JLL). PDT Partners had $6.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $4.8 million investment in the stock during the quarter. The following funds were also among the new JLL investors: Lawrence Sapanski’s Scoria Capital, Mike Vranos’s Ellington, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Jones Lang LaSalle Inc (NYSE:JLL) but similarly valued. We will take a look at Omega Healthcare Investors Inc (NYSE:OHI), Camden Property Trust (NYSE:CPT), Fomento Economico Mexicano SAB (ADR) (NYSE:FMX), and Crown Holdings, Inc. (NYSE:CCK). All of these stocks’ market caps match JLL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
OHI 14 62359 0
CPT 18 288972 5
FMX 16 191566 2
CCK 30 582699 4

As you can see these stocks had an average of 19.5 hedge funds with bullish positions and the average amount invested in these stocks was $281 million. That figure was $515 million in JLL’s case. Crown Holdings, Inc. (NYSE:CCK) is the most popular stock in this table. On the other hand Omega Healthcare Investors Inc (NYSE:OHI) is the least popular one with only 14 bullish hedge fund positions. Jones Lang LaSalle Inc (NYSE:JLL) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CCK might be a better candidate to consider a long position.

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