Apollo Group Inc (APOL) Still Treading In Murky Waters Following Earnings Report, Hedgies Jumping Ship

How have hedge funds been trading Apollo Group Inc (NASDAQ:APOL)?

When looking at the hedgies followed by Insider Monkey, Larry Robbins‘ Glenview Capital had the largest position in Apollo Group Inc (NASDAQ:APOL), worth close to $102.1 million, corresponding to 0.5% of its total 13F portfolio. On Glenview Capital’s heels is First Pacific Advisors LLC, managed by Robert Rodriguez and Steven Romick, which held a $65.8 million position; the fund also has 0.5% of its 13F portfolio invested in the stock. Some other peers with similar optimism contain Donald Yacktman‘s Yacktman Asset Management, Cliff Asness’ AQR Capital Management, and David Harding’s Winton Capital Management.

Seeing as Apollo Group Inc (NASDAQ:APOL) has experienced declining sentiment from the smart money, it’s easy to see that there were a few hedge funds that decided to sell off their full holdings in the first quarter. At the top of the heap, Robert Pohly‘s Samlyn Capital said goodbye to the largest investment of all the hedgies monitored by Insider Monkey, worth close to $102.5 million in call options, while the fund also said goodbye to about $51.2 million worth of its long position in the stock. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by three funds in the first quarter.

The tightening competition in the online education space, and the downward trend for Apollo Group Inc (NASDAQ:APOL)’s stock, which has lost about 50% of its value over the last year, are two major factors going against the company, besides the loss of hedge fund interest and disappointing earnings. I would stay clear of this stock until some stability in earnings is reached.

Disclosure: None