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

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Is Strayer Education Inc (NASDAQ:STRA) a bargain? The best stock pickers are definitely taking a bearish view. The number of bullish hedge fund bets shrunk by 2 recently. There were 13 hedge funds in our database with STRA holdings at the end of the previous quarter, versus 11 at the end of Q3. At the end of this article we will also compare STRA to other stocks including Meta Financial Group Inc. (NASDAQ:CASH), SunCoke Energy, Inc (NYSE:SXC), and InnerWorkings, Inc. (NASDAQ:INWK) to get a better sense of its popularity.

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Now, we’re going to take a gander at the fresh action regarding Strayer Education Inc (NASDAQ:STRA).

What have hedge funds been doing with Strayer Education Inc (NASDAQ:STRA)?

At the end of the third quarter, a total of 11 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -15% from the second quarter of 2016. Below, you can check out the change in hedge fund sentiment towards STRA over the last 5 quarters. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Goodnow Investment Group, led by Edward Goodnow, holds the largest position in Strayer Education Inc (NASDAQ:STRA). Goodnow Investment Group has a $23.2 million position in the stock, comprising 5.5% of its 13F portfolio. The second most bullish fund manager is Renaissance Technologies, one of the largest hedge funds in the world, holding a $15.5 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors that are bullish consist of Ken Griffin’s Citadel Investment Group, Cliff Asness’ AQR Capital Management and D E Shaw. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.