Lazard Asset Management LLC Acquires Shares of 1,845,350 RISE Education Cayman Ltd (REDU)
Lazard Asset Management LLC acquired a new stake in shares of RISE Education Cayman Ltd (NASDAQ:REDU) during the 4th quarter, HoldingsChannel.com 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.
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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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