Renaissance Technologies LLC cut its position in shares of China Distance Education Holdings Ltd (NYSE:DL) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 381,503 shares of the technology company’s stock after selling 6,121 shares during the period. Renaissance Technologies LLC owned 1.16% of China Distance Education Holdings worth $3,891,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC boosted its stake in shares of China Distance Education Holdings by 4.6% in the first quarter. Acadian Asset Management LLC now owns 45,639 shares of the technology company’s stock worth $465,000 after buying an additional 1,997 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of China Distance Education Holdings during the first quarter worth approximately $103,000. Advisors Preferred LLC acquired a new stake in shares of China Distance Education Holdings during the first quarter worth approximately $140,000. Van Berkom & Associates Inc. boosted its stake in shares of China Distance Education Holdings by 27.2% in the first quarter. Van Berkom & Associates Inc. now owns 99,762 shares of the technology company’s stock worth $1,018,000 after buying an additional 21,346 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of China Distance Education Holdings by 7.4% in the first quarter. Jupiter Asset Management Ltd. now owns 879,211 shares of the technology company’s stock worth $8,968,000 after buying an additional 60,787 shares during the last quarter. 19.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of China Distance Education Holdings Ltd (DL) traded up 0.97% during midday trading on Tuesday, reaching $7.29. 2,891 shares of the company were exchanged. The company has a market capitalization of $240.30 million, a PE ratio of 9.48 and a beta of 1.50. China Distance Education Holdings Ltd has a 52-week low of $6.78 and a 52-week high of $13.83. The firm’s 50 day moving average is $8.42 and its 200-day moving average is $9.69.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings results on Wednesday, May 17th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by $0.12. China Distance Education Holdings had a negative return on equity of 27.90% and a negative net margin of 10.48%. The business had revenue of $21.86 million during the quarter. During the same quarter in the previous year, the business posted $0.09 EPS. On average, equities analysts forecast that China Distance Education Holdings Ltd will post $0.65 earnings per share for the current fiscal year.

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DL has been the topic of a number of research reports. ValuEngine raised shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Credit Suisse Group cut shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating in a research note on Friday, May 19th.

China Distance Education Holdings Company Profile

China Distance Education Holdings Limited is a holding company. The Company is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company’s segments include online education services, business start-up training services and the sale of learning simulation software.

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Institutional Ownership by Quarter for China Distance Education Holdings (NYSE:DL)

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