Do Hedge Funds Love DeVry Education Group Inc (DV)?

Now, specific money managers were leading the bulls’ herd. Valtura Capital Partners, managed by Neal Shah, initiated the biggest position in DeVry Education Group Inc (NYSE:DV). The fund reportedly had $3.1 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $1.3 million position during the quarter. The other funds with brand new DV positions are Glenn Russell Dubin’s Highbridge Capital Management, Mike Vranos’s Ellington, and Ken Griffin’s Citadel Investment Group.

Let’s now review hedge fund activity in other stocks similar to DeVry Education Group Inc (NYSE:DV). These stocks are TowneBank (NASDAQ:TOWN), Clearwater Paper Corp (NYSE:CLW), Portfolio Recovery Associates, Inc. (NASDAQ:PRAA), and BofI Holding, Inc. (NASDAQ:BOFI). This group of stocks’ market values resemble DV’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TOWN 11 48549 0
CLW 13 40595 1
PRAA 8 114828 1
BOFI 18 116161 1

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $80 million. That figure was $479 million in DV’s case. BofI Holding, Inc. (NASDAQ:BOFI) is the most popular stock in this table. On the other hand Portfolio Recovery Associates, Inc. (NASDAQ:PRAA) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks DeVry Education Group Inc (NYSE:DV) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.