Zacks Investment Research Lowers Bright Scholar Education Holdngs (NYSE:BEDU) to Sell

Zacks Investment Research lowered shares of Bright Scholar Education Holdngs (NYSE:BEDU) from a hold rating to a sell rating in a research report sent to investors on Tuesday, Zacks.com reports.

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. “

NYSE:BEDU traded up $0.44 during trading hours on Tuesday, hitting $9.14. The company’s stock had a trading volume of 27,029 shares, compared to its average volume of 20,380. The stock has a market capitalization of $1.10 billion, a P/E ratio of 30.47 and a beta of 1.32. The stock has a fifty day moving average of $9.33 and a 200-day moving average of $9.69. The company has a current ratio of 1.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.68. Bright Scholar Education Holdngs has a 52-week low of $8.40 and a 52-week high of $12.70.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its earnings results on Thursday, November 7th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.42). The business had revenue of $711.60 million during the quarter, compared to analysts’ expectations of $590.21 million. Bright Scholar Education Holdngs had a net margin of 9.49% and a return on equity of 8.72%. Bright Scholar Education Holdngs’s revenue was up 82.6% compared to the same quarter last year. On average, sell-side analysts forecast that Bright Scholar Education Holdngs will post 0.46 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the business. Indus Capital Partners LLC grew its holdings in shares of Bright Scholar Education Holdngs by 25.8% during the second quarter. Indus Capital Partners LLC now owns 5,082,402 shares of the company’s stock worth $46,047,000 after purchasing an additional 1,043,266 shares during the last quarter. Morgan Stanley grew its holdings in shares of Bright Scholar Education Holdngs by 40.2% during the second quarter. Morgan Stanley now owns 429,855 shares of the company’s stock worth $3,895,000 after purchasing an additional 123,322 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Bright Scholar Education Holdngs during the second quarter worth about $1,629,000. Renaissance Technologies LLC grew its holdings in shares of Bright Scholar Education Holdngs by 153.4% during the second quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock worth $1,199,000 after purchasing an additional 80,100 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Bright Scholar Education Holdngs during the second quarter worth about $334,000. 11.00% of the stock is currently owned by institutional investors.

About Bright Scholar Education Holdngs

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 well as international education consulting services.

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