Bright Scholar Education Holdngs (NYSE:BEDU) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other research firms have also recently weighed in on BEDU. TheStreet cut Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a report on Monday, August 13th. Morgan Stanley upgraded Bright Scholar Education Holdngs from an “equal weight” rating to an “overweight” rating in a report on Friday, June 29th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.00.

Shares of NYSE BEDU opened at $11.30 on Wednesday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 45.20 and a beta of 1.42. Bright Scholar Education Holdngs has a 12 month low of $10.80 and a 12 month high of $28.18.

Bright Scholar Education Holdngs (NYSE:BEDU) last released its quarterly earnings results on Tuesday, July 24th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The firm had revenue of $84.39 million for the quarter. Bright Scholar Education Holdngs had a return on equity of 12.61% and a net margin of 14.37%. sell-side analysts forecast that Bright Scholar Education Holdngs will post 0.33 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Indus Capital Partners LLC grew its holdings in shares of Bright Scholar Education Holdngs by 8.2% during the second 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 during the last quarter. OZ Management LP bought a new stake in shares of Bright Scholar Education Holdngs during the first quarter worth about $16,690,000. OppenheimerFunds Inc. grew its holdings in shares of Bright Scholar Education Holdngs by 10.9% during the second quarter. OppenheimerFunds Inc. now owns 518,700 shares of the company’s stock worth $8,627,000 after purchasing an additional 50,840 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Bright Scholar Education Holdngs during the first quarter worth about $6,948,000. Finally, Millennium Management LLC grew its holdings in shares of Bright Scholar Education Holdngs by 1,581.1% during the first quarter. Millennium Management LLC now owns 347,853 shares of the company’s stock worth $5,371,000 after purchasing an additional 327,161 shares during the last quarter. Institutional investors own 13.20% of the company’s stock.

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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