Bright Scholar Education Holdngs (BEDU) Cut to “Sell” at Zacks Investment Research

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

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 equities analysts have also recently weighed in on the company. ValuEngine upgraded Bright Scholar Education Holdngs from a sell rating to a hold rating in a report on Wednesday, October 24th. Morgan Stanley cut Bright Scholar Education Holdngs from an overweight rating to an equal weight rating in a report on Tuesday, October 2nd. Finally, TheStreet cut Bright Scholar Education Holdngs from a c- rating to a d rating in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of NYSE:BEDU opened at $11.11 on Wednesday. Bright Scholar Education Holdngs has a 1 year low of $8.82 and a 1 year high of $23.99. The stock has a market cap of $1.41 billion, a PE ratio of 37.03 and a beta of 0.82.

Bright Scholar Education Holdngs (NYSE:BEDU) last issued its earnings results 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). Bright Scholar Education Holdngs had a return on equity of 11.17% and a net margin of 14.39%. The firm had revenue of $57.05 million for the quarter. As a group, research analysts expect that Bright Scholar Education Holdngs will post 0.42 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BEDU. Jane Street Group LLC purchased a new position in Bright Scholar Education Holdngs in the 3rd quarter worth approximately $152,000. GSA Capital Partners LLP purchased a new position in Bright Scholar Education Holdngs in the 2nd quarter worth approximately $174,000. Hikari Power Ltd purchased a new position in Bright Scholar Education Holdngs in the 2nd quarter worth approximately $268,000. Highland Capital Management LLC purchased a new position in Bright Scholar Education Holdngs in the 3rd quarter worth approximately $339,000. Finally, Guggenheim Capital LLC boosted its holdings in Bright Scholar Education Holdngs by 36.1% in the 1st quarter. Guggenheim Capital LLC now owns 24,423 shares of the company’s stock worth $377,000 after acquiring an additional 6,474 shares during the period. Hedge funds and other institutional investors own 12.87% 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.

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