Dalton Investments LLC Takes Position in China Online Education Group (COE)

Dalton Investments LLC acquired a new stake in China Online Education Group (NYSE:COE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,047 shares of the company’s stock, valued at approximately $674,000. China Online Education Group comprises about 0.3% of Dalton Investments LLC’s investment portfolio, making the stock its 22nd biggest position. Dalton Investments LLC owned about 0.21% of China Online Education Group as of its most recent SEC filing.

Separately, Symmetry Peak Management LLC acquired a new stake in shares of China Online Education Group during the 1st quarter worth approximately $240,000. 24.03% of the stock is owned by hedge funds and other institutional investors.

Shares of China Online Education Group (NYSE COE) traded up 0.34% during mid-day trading on Friday, reaching $14.63. 11,859 shares of the company traded hands. The company’s 50 day moving average is $14.33 and its 200 day moving average is $13.68. China Online Education Group has a 52-week low of $12.45 and a 52-week high of $22.95. The stock’s market capitalization is $292.97 million.

China Online Education Group (NYSE:COE) last announced its earnings results on Friday, August 25th. The company reported ($1.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($1.04). China Online Education Group had a negative net margin of 92.66% and a negative return on equity of 2,476.17%. The firm had revenue of $28.29 million during the quarter. On average, equities analysts forecast that China Online Education Group will post ($3.40) earnings per share for the current year.

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Separately, ValuEngine raised shares of China Online Education Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

About China Online Education Group

China Online Education Group is engaged in providing online English language education services to students in the People’s Republic of China (the PRC). The Company operates an online education platform that provides online tutoring programs to students through the Internet. Its platform analyzes teachers’ teaching aptitudes, feedback and rating from students, as well as background, and recommends suitable teachers to students according to their respective characteristics and learning objectives.

Institutional Ownership by Quarter for China Online Education Group (NYSE:COE)

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