At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. This is the perfect market for stock pickers, now that the stocks are fully valued again. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards Perdoceo Education Corporation (NASDAQ:PRDO) at the end of the second quarter and determine whether the smart money was really smart about this stock.
Perdoceo Education Corporation (NASDAQ:PRDO) has experienced a decrease in enthusiasm from smart money of late. Perdoceo Education Corporation (NASDAQ:PRDO) was in