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Is Strayer Education Inc (STRA) Going To Burn These Optimistic Hedge Funds?

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We can judge whether Strayer Education Inc (NASDAQ:STRA) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, research shows that these picks historically outperformed the market when we factor in known risk factors.

Is Strayer Education Inc (NASDAQ:STRA) undervalued? The best stock pickers are taking an optimistic view. The number of long hedge fund bets went up by 2 recently. Strayer Education Inc was in 18 hedge funds’ portfolios at the end of the third quarter of 2015. There were 16 hedge funds in our database with Strayer Education Inc holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Echo Global Logistics, Inc. (NASDAQ:ECHO), Navios Maritime Partners L.P. (NYSE:NMM), and Photronics, Inc. (NASDAQ:PLAB) to gather more data points.

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In the 21st century investor’s toolkit there are a multitude of gauges market participants use to grade their holdings. A pair of the most innovative gauges are hedge fund and insider trading sentiment. Our researchers have shown that, historically, those who follow the top picks of the best hedge fund managers can outpace the market by a superb amount (see the details here).

Keeping this in mind, let’s analyze the latest action surrounding Strayer Education Inc (NASDAQ:STRA).

How are hedge funds trading Strayer Education Inc (NASDAQ:STRA)?

At Q3’s end, a total of 18 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 13% boost from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes considerably (or had already accumulated large positions).

According to Insider Monkey’s hedge fund database, Goodnow Investment Group, managed by Edward Goodnow, holds the most valuable position in Strayer Education Inc (NASDAQ:STRA). Goodnow Investment Group has a $34.2 million position in the stock, comprising 6.6% of its 13F portfolio. The second-largest stake is held by Renaissance Technologies, holding a $15 million position; less than 0.1% of its 13F portfolio is allocated to the stock. Other investment firms that hold long positions contain D E Shaw, Cliff Asness’ AQR Capital Management, and Israel Englander’s Millennium Management.

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