Hedge Funds’ Favorite Education Stocks

#4. New Oriental Education & Tech Grp (ADR) (NYSE:EDU)

– Number of investors with long positions as of March 31: 20

– Aggregate value of investors’ holdings as of March 31: $146.16 Million

New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has also received some love from the mini hedge fund industry followed by the Insider Monkey team, with the number of asset managers from our system invested in the company climbing to 20 from 18 during the March quarter. Even so, the overall value of those asset managers’ positions in the largest provider of private educational services in China fell to $146.16 million from $189.89 million. The company’s net revenues increased from $959.9 million recorded for the fiscal year that ended May 31, 2013 to $1.25 billion for the fiscal year that ended May 31, 2015. New Oriental Education’s net revenues for the first nine months of fiscal 2016 were $1.08 billion, so the company will easily top its previous year’s top-line figure. Meanwhile, student enrollments in academic subjects tutoring and test preparation courses in the nine-month period grew by 23.4% year-over-year to nearly 2.61 million. The ADSs of this Chinese company are up 36% year-to-date. Thomas E. Claugus’ GMT Capital has 1.12 ADSs of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) in its portfolio as of March 31.

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#3. Graham Holdings Co (NYSE:GHC)

– Number of investors with long positions as of March 31: 20

– Aggregate value of investors’ holdings as of March 31: $631.62 Million

The number of hedge fund vehicles with long positions in Graham Holdings Co (NYSE:GHC) increased to 20 from 19 during the January-March quarter, while the overall value of their positions climbed to $631.62 million from $620.47 million quarter-over-quarter. The 20 asset managers invested in Graham amassed 23% of the company’s outstanding shares. The shares of the diversified education and media company have appreciated 4% since the start of 2016. In early 2016, the company’s Kaplan subsidiary, which provides educational services on a global basis, acquired a 100% interest in Mander Portman Woodward, a provider of bespoke education to students in London, Cambridge and Birmingham; as well as a 100% interest in Osborne Books, an educational publisher of learning resources for accounting qualifications in the United Kingdom. The total purchase price of the two acquisitions equaled $208.3 million. Mason Hawkins’ Southeastern Asset Management upped its stake in Graham Holdings Co (NYSE:GHC) by 4% during the first quarter to nearly 725,000 shares.

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