Was The Smart Money Right About New Oriental Education & Technology (EDU)?

 Was The Smart Money Right About New Oriental Education & Technology (EDU)?

The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the fourth quarter, which unveil their equity positions as of December 31st. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards New Oriental Education & Technology Group Inc. (NYSE:EDU).

Is New Oriental Education & Technology Group Inc. (NYSE:EDU) undervalued? Investors who are in the know were in a bullish mood. The number of long hedge fund bets moved up by 3 in recent months. New Oriental Education & Technology Group Inc. (NYSE:EDU) was in 43 hedge funds’ portfolios at the end of December. The all time high for this statistic is 50. Our calculations also showed that EDU isn’t among the 30 most…

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