Hailiang Education Group (HLG) Reaches New 12-Month Low at $32.01

Hailiang Education Group Inc (NASDAQ:HLG)’s share price hit a new 52-week low on Wednesday . The company traded as low as $32.01 and last traded at $32.10, with a volume of 21996 shares traded. The stock had previously closed at $32.93.

Separately, BidaskClub cut Hailiang Education Group from a “hold” rating to a “sell” rating in a report on Saturday, January 5th.

Several large investors have recently modified their holdings of HLG. Dimensional Fund Advisors LP boosted its holdings in shares of Hailiang Education Group by 77.2% during the second quarter. Dimensional Fund Advisors LP now owns 50,311 shares of the company’s stock worth $4,131,000 after acquiring an additional 21,911 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Hailiang Education Group by 28.1% during the third quarter. Renaissance Technologies LLC now owns 98,600 shares of the company’s stock worth $6,935,000 after acquiring an additional 21,600 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Hailiang Education Group during the fourth quarter worth approximately $250,000. Bank of Montreal Can bought a new stake in shares of Hailiang Education Group during the third quarter worth approximately $140,000. Finally, Legal & General Group Plc bought a new stake in shares of Hailiang Education Group during the third quarter worth approximately $40,000. Institutional investors own 0.82% of the company’s stock.

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About Hailiang Education Group (NASDAQ:HLG)

Hailiang Education Group Inc, through its subsidiaries, provides K-12 educational services in the People's Republic of China. The company operates six affiliated schools that include Hailiang Primary School, Hailiang Junior Middle School, Hailiang Senior Middle School, Hailiang High School of Art, Hailiang Experimental High School, and Hailiang Foreign Language School; and sixteen managed schools.

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