Is Nord Anglia Education Inc (NORD) A Good Stock To Buy?

Now, specific money managers have been driving this bullishness. Renaissance Technologies, founded by Jim Simons, assembled the most outsized position in Nord Anglia Education Inc (NYSE:NORD). Renaissance Technologies had $1.7 million invested in the company at the end of the quarter. Warren Lammert’s Granite Point Capital also initiated a $1 million position during the quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Nord Anglia Education Inc (NYSE:NORD) but similarly valued. We will take a look at Tenet Healthcare Corp (NYSE:THC), Pegasystems Inc. (NASDAQ:PEGA), Inovalon Holdings Inc (NASDAQ:INOV), and Dana Holding Corporation (NYSE:DAN). This group of stocks’ market values resemble NORD’s market value.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $342 million. That figure was $147 million in NORD’s case. Tenet Healthcare Corp (NYSE:THC) is the most popular stock in this table. On the other hand Inovalon Holdings Inc (NASDAQ:INOV) is the least popular one with only 4 bullish hedge fund positions. Nord Anglia Education Inc (NYSE:NORD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard THC might be a better candidate to consider taking a long position in.

Disclosure: None