Have Hedge Funds Found A Winner In TAL Education Group (ADR) (XRS)?

Consequently, key money managers have been driving this bullishness. Balyasny Asset Management, managed by Dmitry Balyasny, created the largest position in TAL Education Group (ADR) (NYSE:XRS). Balyasny Asset Management had $27.4 million invested in the company at the end of the quarter. Fang Zheng’s Keywise Capital Management also made a $10.6 million investment in the stock during the quarter. The following funds were also among the new XRS investors: Noam Gottesman’s GLG Partners, Steve Cohen’s Point72 Asset Management, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as TAL Education Group (ADR) (NYSE:XRS) but similarly valued. We will take a look at Robert Half International Inc. (NYSE:RHI), Edgewell Personal Care Company (NYSE:EPC), Godaddy Inc (NYSE:GDDY), and Sonoco Products Company (NYSE:SON). This group of stocks’ market valuations are closest to XRS’s market valuation.

As you can see these stocks had an average of 21.5 hedge funds with bullish positions and the average amount invested in these stocks was $533 million. That figure was $341 million in XRS’ case. Edgewell Personal Care Company (NYSE:EPC) is the most popular stock in this table. On the other hand Sonoco Products Company (NYSE:SON) is the least popular one with only 17 bullish hedge fund positions. TAL Education Group (ADR) (NYSE:XRS) is not the most popular stock in this group but hedge fund interest is still above average and growing. This is a slightly positive signal, as we’d rather spend our time researching stocks that hedge funds are piling on. In this regard XRS might make a good candidate to consider a long position in.

Disclosure: None