New Oriental Education & Tech Grp (ADR) (NYSE:EDU) was in 9 hedge funds’ portfolio at the end of March. EDU investors should be aware of a decrease in support from the world’s most elite money managers recently. There were 9 hedge funds in our database with EDU holdings at the end of the previous quarter.
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Now, we’re going to take a gander at the latest action encompassing New Oriental Education & Tech Grp (ADR) (NYSE:EDU).
How have hedgies been trading New Oriental Education & Tech Grp (ADR) (NYSE:EDU)?
Heading into Q2, a total of 9 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were upping their stakes considerably.
Of the funds we track, Brookside Capital, managed by Bain Capital, holds the biggest position in New Oriental Education & Tech Grp (ADR) (NYSE:EDU). Brookside Capital has a $113.7 million position in the stock, comprising 2.5% of its 13F portfolio. On Brookside Capital’s heels is Sloane Robinson Investment Management, managed by Hugh Sloane, which held a $30.6 million position; the fund has 50.1% of its 13F portfolio invested in the stock. Some other hedgies that hold long positions include Lei Zhang’s Hillhouse Capital Management, Ken Griffin’s Citadel Investment Group and Frank Brosens’s Taconic Capital.
Due to the fact that New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has experienced a declination in interest from the smart money, it’s easy to see that there was a specific group of hedgies who were dropping their entire stakes in Q1. Interestingly, Robert Karr’s Joho Capital dumped the biggest investment of all the hedgies we monitor, worth an estimated $37.5 million in stock.. Richard Driehaus’s fund, Driehaus Capital, also dropped its stock, about $1.8 million worth. These bearish behaviors are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
What do corporate executives and insiders think about New Oriental Education & Tech Grp (ADR) (NYSE:EDU)?
Insider buying is best served when the company in focus has seen transactions within the past half-year. Over the latest six-month time frame, New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to New Oriental Education & Tech Grp (ADR) (NYSE:EDU). These stocks are Education Management Corp (NASDAQ:EDMC), K12 Inc. (NYSE:LRN), Strayer Education Inc (NASDAQ:STRA), Bridgepoint Education Inc (NYSE:BPI), and TAL Education Group (ADR) (NYSE:XRS). All of these stocks are in the education & training services industry and their market caps are similar to EDU’s market cap.