Zacks Investment Research Lowers Bright Scholar Education Holdngs (BEDU) to Sell

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Zacks Investment Research downgraded shares of Bright Scholar Education Holdngs (NYSE:BEDU) from a hold rating to a sell rating in a research report released 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. “

A number of other research analysts also recently issued reports on BEDU. TheStreet downgraded Bright Scholar Education Holdngs from a c- rating to a d rating in a research note on Monday, August 13th. ValuEngine downgraded Bright Scholar Education Holdngs from a hold rating to a sell rating in a research note on Wednesday, September 12th. Morgan Stanley downgraded Bright Scholar Education Holdngs from an overweight rating to an equal weight rating in a research note on Tuesday, October 2nd. Finally, Goldman Sachs Group assumed coverage on Bright Scholar Education Holdngs in a research note on Monday, December 3rd. They set a neutral rating and a $12.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Bright Scholar Education Holdngs presently has an average rating of Hold and an average price target of $14.75.

Shares of NYSE:BEDU opened at $10.80 on Wednesday. The company has a market cap of $1.39 billion, a P/E ratio of 36.50 and a beta of 0.73. Bright Scholar Education Holdngs has a 12-month low of $8.82 and a 12-month high of $23.99.

Bright Scholar Education Holdngs (NYSE:BEDU) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $57.05 million for the quarter. Bright Scholar Education Holdngs had a net margin of 14.39% and a return on equity of 11.17%. On average, research analysts predict that Bright Scholar Education Holdngs will post 0.42 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of BEDU. Jane Street Group LLC bought a new position in Bright Scholar Education Holdngs in the 3rd quarter worth approximately $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. GSA Capital Partners LLP bought a new position in Bright Scholar Education Holdngs in the 2nd quarter worth approximately $174,000. Highland Capital Management LLC purchased a new stake in shares of Bright Scholar Education Holdngs during the 3rd quarter worth approximately $339,000. Finally, Sensato Investors LLC purchased a new stake in shares of Bright Scholar Education Holdngs during the 2nd quarter worth approximately $411,000. Institutional investors and hedge funds own 13.23% 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.

Further Reading: Outstanding Shares and The Effect on Share Price

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