Bright Scholar Education Holdngs (NYSE:BEDU) Downgraded to “Sell” at Zacks Investment Research

Bright Scholar Education Holdngs (NYSE:BEDU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

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. “

Shares of NYSE BEDU traded up $0.44 during trading hours on Tuesday, hitting $9.14. 27,029 shares of the stock were exchanged, compared to its average volume of 20,380. The company has a quick ratio of 1.65, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.10 billion, a PE ratio of 30.47 and a beta of 1.32. The firm has a fifty day moving average price of $9.33 and a 200-day moving average price of $9.69. Bright Scholar Education Holdngs has a 12 month low of $8.40 and a 12 month high of $12.70.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.42). The firm had revenue of $711.60 million for the quarter, compared to the consensus estimate of $590.21 million. Bright Scholar Education Holdngs had a return on equity of 8.72% and a net margin of 9.49%. The company’s revenue was up 82.6% on a year-over-year basis. As a group, equities analysts anticipate that Bright Scholar Education Holdngs will post 0.46 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Indus Capital Partners LLC raised its stake in shares of Bright Scholar Education Holdngs by 25.8% during the 2nd quarter. Indus Capital Partners LLC now owns 5,082,402 shares of the company’s stock worth $46,047,000 after acquiring an additional 1,043,266 shares in the last quarter. Morgan Stanley raised its stake in shares of Bright Scholar Education Holdngs by 40.2% during the 2nd quarter. Morgan Stanley now owns 429,855 shares of the company’s stock worth $3,895,000 after acquiring an additional 123,322 shares in the last quarter. BlackRock Inc. bought a new position in shares of Bright Scholar Education Holdngs during the 2nd quarter worth approximately $1,629,000. Renaissance Technologies LLC raised its stake in shares of Bright Scholar Education Holdngs by 153.4% during the 2nd quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock worth $1,199,000 after acquiring an additional 80,100 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Bright Scholar Education Holdngs during the 2nd quarter worth approximately $334,000. Hedge funds and other institutional investors own 11.00% 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 well as international education consulting services.

Featured Article: G-20

Get a free copy of the Zacks research report on Bright Scholar Education Holdngs (BEDU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Leave a Reply

Your email address will not be published. Required fields are marked *