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

Consequently, key money managers have been driving this bullishness. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, created the most outsized position in Strayer Education Inc (NASDAQ:STRA). Marshall Wace LLP had $0.4 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also made a $0.4 million investment in the stock during the quarter. The other funds with brand new Strayer Education Inc positions are Matthew Hulsizer’s PEAK6 Capital Management, and Michael Platt and William Reeves’ BlueCrest Capital Mgmt.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Strayer Education Inc (NASDAQ:STRA) but similarly valued. We will take a look at Echo Global Logistics, Inc. (NASDAQ:ECHO), Navios Maritime Partners L.P. (NYSE:NMM), Photronics, Inc. (NASDAQ:PLAB), and Cavco Industries, Inc. (NASDAQ:CVCO). This group of stocks’ market valuations match Strayer Education Inc’s market valuation.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $71 million. That figure was $66 million in Strayer Education Inc’s case. Photronics, Inc. (NASDAQ:PLAB) is the most popular stock in this table. On the other hand Navios Maritime Partners L.P. (NYSE:NMM) is the least popular one with only 4 bullish hedge fund positions. Strayer Education Inc (NASDAQ:STRA) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal. However, given the greater interest and growing sentiment for Photronics, Inc., it might be a better candidate to consider a long position in.