Is Nortel Inversora S.A. (ADR) (NYSE:NTL) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also have numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.
Hedge fund interest in Nortel Inversora S.A. (ADR) (NYSE:NTL) shares was flat at the end of last quarter. This is usually a negative indicator. 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 Pinnacle Entertainment, Inc (NASDAQ:PNK), Group 1 Automotive, Inc. (NYSE:GPI), and Imperva Inc (NYSE:IMPV) to gather more data points.
Now, we’re going to take a look at the fresh action encompassing Nortel Inversora S.A. (ADR) (NYSE:NTL).
What does the smart money think about Nortel Inversora S.A. (ADR) (NYSE:NTL)?
When looking at the institutional investors followed by Insider Monkey, Jim Simons’s Renaissance Technologies has the number one position in Nortel Inversora S.A. (ADR) (NYSE:NTL), worth close to $7.7 million, corresponding to less than 0.1%% of its total 13F portfolio. The second largest stake is held by Jonathan Kolatch of Redwood Capital Management, with a $6.7 million position; 1% of its 13F portfolio is allocated to the stock. Some other hedge funds and institutional investors with similar optimism encompass Edmond M. Safra’s EMS Capital, and Charles de Vaulx’s International Value Advisers.