Zacks Investment Research upgraded shares of Bright Scholar Education Holdngs (NYSE:BEDU) from a sell rating to a hold rating in a research note released on Friday morning.
According to Zacks, “Bright Scholar Education Holdings Limited is an operator of international and bilingual K-12 schools primarily in China. The Company provides bilingual, kindergarten, training and other educational services. Bright Scholar Education Holdings Limited is based in Foshan, China. “
A number of other analysts have also recently weighed in on BEDU. ValuEngine cut Bright Scholar Education Holdngs from a buy rating to a hold rating in a research report on Monday, July 16th. Morgan Stanley cut Bright Scholar Education Holdngs from an overweight rating to an equal weight rating in a research report on Tuesday, October 2nd. Finally, TheStreet cut Bright Scholar Education Holdngs from a c- rating to a d rating in a research report on Monday, August 13th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $17.00.
Shares of NYSE:BEDU traded down $0.30 on Friday, reaching $12.60. The company had a trading volume of 58,283 shares, compared to its average volume of 170,771. Bright Scholar Education Holdngs has a 52-week low of $9.13 and a 52-week high of $23.99. The company has a market capitalization of $1.58 billion, a PE ratio of 42.00 and a beta of 0.82.
Institutional investors have recently bought and sold shares of the company. Indus Capital Partners LLC boosted its position in shares of Bright Scholar Education Holdngs by 8.2% in the 2nd quarter. Indus Capital Partners LLC now owns 2,585,370 shares of the company’s stock worth $42,995,000 after purchasing an additional 195,700 shares in the last quarter. Hikari Power Ltd acquired a new stake in Bright Scholar Education Holdngs during the 2nd quarter worth about $268,000. Taikang Asset Management Hong Kong Co Ltd acquired a new stake in Bright Scholar Education Holdngs during the 3rd quarter worth about $2,483,000. Guggenheim Capital LLC lifted its position in Bright Scholar Education Holdngs by 36.1% during the 1st quarter. Guggenheim Capital LLC now owns 24,423 shares of the company’s stock worth $377,000 after acquiring an additional 6,474 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Bright Scholar Education Holdngs during the 2nd quarter worth about $174,000. 13.37% of the stock is owned by hedge funds and other institutional investors.
Bright Scholar Education Holdngs Company Profile
Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs. As of May 31, 2018, it had a network of 67 schools with approximately 35,275 students.
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