The Men’s Wearhouse, Inc. (MW): Are Hedge Funds Right About This Stock?

Now, specific money managers were breaking ground themselves. Gotham Asset Management, managed by Joel Greenblatt, initiated the most outsized position in The Men’s Wearhouse, Inc. (NYSE:MW). Gotham Asset Management had $25.3 million invested in the company at the end of the quarter. David Keidan’s Buckingham Capital Management also made a $20.8 million investment in the stock during the quarter. The other funds with brand new MW positions are Jim Simons’s Renaissance Technologies, Matthew Taylor and Ty Popplewell’s Kortright Capital Partners, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s now review hedge fund activity in other stocks similar to The Men’s Wearhouse, Inc. (NYSE:MW). We will take a look at GrubHub Inc (NYSE:GRUB), La Quinta Holdings Inc (NYSE:LQ), BGC Partners, Inc. (NASDAQ:BGCP), and Gold Fields Limited (ADR) (NYSE:GFI). This group of stocks’ market valuations resemble MW’s market valuation.

As you can see these stocks had an average of 20.5 hedge funds with bullish positions and the average amount invested in these stocks was $270 million. That figure was $776 million in MW’s case. GrubHub Inc (NYSE:GRUB) is the most popular stock in this table. On the other hand Gold Fields Limited (ADR) (NYSE:GFI) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks The Men’s Wearhouse, Inc. (NYSE:MW) 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.