Lazard Asset Management LLC acquired a new stake in shares of RISE Education Cayman Ltd (NASDAQ:REDU) during the 4th quarter, reports. The institutional investor acquired 1,845,350 shares of the company’s stock, valued at approximately $27,292,000.

Separately, Tiger Pacific Capital LP purchased a new position in RISE Education Cayman during the fourth quarter valued at approximately $3,385,000. 10.80% of the stock is currently owned by institutional investors and hedge funds.

RISE Education Cayman Ltd (NASDAQ REDU) opened at $15.38 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of -6.48. RISE Education Cayman Ltd has a 1-year low of $9.50 and a 1-year high of $17.86.

REDU has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of RISE Education Cayman in a report on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 price target on the stock. Zacks Investment Research lowered shares of RISE Education Cayman from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.

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RISE Education Cayman Company Profile

RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.

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