Hedge Funds Are Selling Tarena International Inc (ADR) (TEDU)

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Seeing as Tarena International Inc (ADR) (NASDAQ:TEDU) has weathered falling interest from the smart money, it’s easy to see that there were a few money managers that elected to cut their full holdings by the end of the third quarter. Interestingly, Brian Taylor’s Pine River Capital Management said goodbye to the largest stake of the 700 funds followed by Insider Monkey, comprising an estimated $0.5 million in stock. Charles Clough’s fund, Clough Capital Partners, also sold off its stock, about $0.2 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to Tarena International Inc (ADR) (NASDAQ:TEDU). We will take a look at First Community Bancshares Inc (NASDAQ:FCBC), Tsakos Energy Navigation Ltd. (NYSE:TNP), TG Therapeutics Inc (NASDAQ:TGTX), and One Liberty Properties, Inc. (NYSE:OLP). This group of stocks’ market values match TEDU’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FCBC 4 5955 0
TNP 10 34924 -5
TGTX 5 96973 -4
OLP 7 13555 1

As you can see these stocks had an average of 6.5 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $22 million in TEDU’s case. Tsakos Energy Navigation Ltd. (NYSE:TNP) is the most popular stock in this table. On the other hand First Community Bancshares Inc (NASDAQ:FCBC) is the least popular one with only 4 bullish hedge fund positions. Tarena International Inc (ADR) (NASDAQ:TEDU) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard TNP might be a better candidate to consider taking a long position in.

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Disclosure: None




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