Zacks Investment Research upgraded shares of Bright Scholar Education Holdngs (NYSE:BEDU) from a sell rating to a hold rating in a research note published on Wednesday.

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. “

Several other research analysts also recently commented on BEDU. Goldman Sachs Group began coverage on Bright Scholar Education Holdngs in a research note on Monday, December 3rd. They issued a neutral rating and a $12.50 target price for the company. ValuEngine upgraded Bright Scholar Education Holdngs from a sell rating to a hold rating in a research note on Wednesday, October 24th. Finally, Morgan Stanley downgraded Bright Scholar Education Holdngs from an overweight rating to an equal weight rating in a research note on Tuesday, October 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of $14.75.

BEDU traded up $0.03 during trading hours on Wednesday, hitting $11.01. The stock had a trading volume of 450 shares, compared to its average volume of 173,128. Bright Scholar Education Holdngs has a 1 year low of $8.82 and a 1 year high of $23.99. The firm has a market cap of $1.37 billion, a P/E ratio of 36.77 and a beta of 0.73.

Bright Scholar Education Holdngs (NYSE:BEDU) last issued its earnings results on Wednesday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Bright Scholar Education Holdngs had a return on equity of 11.17% and a net margin of 14.39%. The company had revenue of $57.05 million during the quarter. As a group, sell-side analysts predict that Bright Scholar Education Holdngs will post 0.42 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in Bright Scholar Education Holdngs in the 2nd quarter worth about $174,000. Jane Street Group LLC bought a new position in Bright Scholar Education Holdngs in the 3rd quarter worth about $152,000. Marshall Wace North America L.P. boosted its stake in Bright Scholar Education Holdngs by 16.2% in the 3rd quarter. Marshall Wace North America L.P. now owns 13,516 shares of the company’s stock worth $167,000 after purchasing an additional 1,883 shares during the period. Sensato Investors LLC bought a new position in Bright Scholar Education Holdngs in the 2nd quarter worth about $411,000. Finally, Bank of Montreal Can boosted its stake in Bright Scholar Education Holdngs by 58.8% in the 2nd quarter. Bank of Montreal Can now owns 24,999 shares of the company’s stock worth $416,000 after purchasing an additional 9,260 shares during the period. Institutional investors and hedge funds own 13.23% of the company’s stock.

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 of May 31, 2018, it had a network of 67 schools with approximately 35,275 students.

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