Zacks Investment Research Downgrades Bright Scholar Education Holdngs (NYSE:BEDU) to Sell

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

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 on Tuesday, reaching $9.14. The company’s stock had a trading volume of 27,029 shares, compared to its average volume of 20,380. Bright Scholar Education Holdngs has a 52-week low of $8.40 and a 52-week high of $12.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.65 and a current ratio of 1.49. The company has a 50-day simple moving average of $9.33 and a 200 day simple moving average of $9.69. The company has a market cap of $1.10 billion, a P/E ratio of 30.47 and a beta of 1.32.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Indus Capital Partners LLC boosted 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 purchasing an additional 1,043,266 shares during the period. Morgan Stanley boosted 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 purchasing an additional 123,322 shares during the period. BlackRock Inc. purchased a new position in shares of Bright Scholar Education Holdngs during the 2nd quarter worth about $1,629,000. Renaissance Technologies LLC boosted 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 purchasing an additional 80,100 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Bright Scholar Education Holdngs during the 2nd quarter worth about $334,000. 11.00% of the stock is owned by hedge funds and other institutional investors.

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.

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