In This Article:
Is CTS Corporation (NYSE:CTS) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Is CTS Corporation (NYSE:CTS) worth your attention right now? Hedge funds are getting more bullish. The number of bullish hedge fund bets increased by 1 recently. Our calculations also showed that CTS isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings).
Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.
At the moment there are plenty of signals market participants put to use to size up publicly traded companies. A couple of the most innovative signals are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the top picks of the top hedge fund managers can trounce the broader indices by a solid margin (see the details here).
We leave no stone unturned when looking for the next great investment idea. For example Europe is set to become the world's largest cannabis market, so we check out this European marijuana stock pitch. One of the most bullish analysts in America just put his money where his mouth is. He says, "I'm investing more today than I did back in early 2009." So we check out his pitch. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We also rely on the best performing hedge funds' buy/sell signals. We're going to analyze the fresh hedge fund action regarding CTS Corporation (NYSE:CTS).
Hedge fund activity in CTS Corporation (NYSE:CTS)
Heading into the fourth quarter of 2019, a total of 10 of the hedge funds tracked by Insider Monkey were long this stock, a change of 11% from the second quarter of 2019. The graph below displays the number of hedge funds with bullish position in CTS over the last 17 quarters. With hedgies' positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).
Among these funds, GAMCO Investors held the most valuable stake in CTS Corporation (NYSE:CTS), which was worth $67.3 million at the end of the third quarter. On the second spot was Renaissance Technologies which amassed $8.2 million worth of shares. D E Shaw, AQR Capital Management, and Citadel Investment Group were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position GAMCO Investors allocated the biggest weight to CTS Corporation (NYSE:CTS), around 0.56% of its 13F portfolio. Zebra Capital Management is also relatively very bullish on the stock, designating 0.38 percent of its 13F equity portfolio to CTS.