What Do Hedge Funds Think of Apollo Education Group Inc (APOL)?

Judging by the fact that Apollo Education Group Inc (NASDAQ:APOL) has faced declining sentiment from the entirety of the hedge funds we track, it’s easy to see that there is a sect of hedgies that elected to cut their positions entirely heading into Q4. Interestingly, Robert I. Usdan and Wayne K. Goldstein’s Endicott Management dumped the biggest investment of all the hedgies tracked by Insider Monkey, totaling close to $0.5 million in stock. Matthew Tewksbury’s fund, Stevens Capital Management, also cut its stock, about $0.4 million worth. These transactions are important to note, as total hedge fund interest was cut by 2 funds heading into Q4.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Apollo Education Group Inc (NASDAQ:APOL) but similarly valued. These stocks are Cott Corporation (USA) (NYSE:COT), Finisar Corporation (NASDAQ:FNSR), TriNet Group Inc (NYSE:TNET), and Ramco-Gershenson Properties Trust (NYSE:RPT). All of these stocks’ market caps match APOL’s market cap.

As you can see these stocks had an average of 18.75 hedge funds with bullish positions and the average amount invested in these stocks was $159 million. That figure was $325 million in APOL’s case. Cott Corporation (USA) (NYSE:COT) is the most popular stock in this table. On the other hand Ramco-Gershenson Properties Trust (NYSE:RPT) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Apollo Education Group Inc (NASDAQ:APOL) 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.