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Were Hedge Funds Right About Dumping Crane Co. (CR)?


Were Hedge Funds Right About Dumping Crane Co. (CR)?
At Insider Monkey, we pore over the filings of nearly 866 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of March 31st. In this article, we will use that wealth of knowledge to determine whether or not Crane Co. (NYSE:CR) makes for a good investment right now.
Crane Co. (NYSE:CR) was in 17 hedge funds’ portfolios at the end of the first quarter of 2021. The all time high for this statistic is 29. CR shareholders have witnessed a decrease in enthusiasm from smart money lately. There were 24 hedge funds in our database with CR holdings at the end of December. Our calculations also showed that CR isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings). ....

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