OppenheimerFunds Inc. increased its stake in shares of Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 518,700 shares of the company’s stock after purchasing an additional 50,840 shares during the quarter. OppenheimerFunds Inc. owned 0.41% of Bright Scholar Education Holdngs worth $8,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Indus Capital Partners LLC increased its position in Bright Scholar Education Holdngs by 50.4% during the 1st quarter. Indus Capital Partners LLC now owns 2,389,670 shares of the company’s stock worth $36,897,000 after purchasing an additional 800,516 shares in the last quarter. OZ Management LP purchased a new stake in Bright Scholar Education Holdngs during the 1st quarter worth about $16,690,000. The Manufacturers Life Insurance Company purchased a new stake in Bright Scholar Education Holdngs during the 1st quarter worth about $6,948,000. Millennium Management LLC increased its position in Bright Scholar Education Holdngs by 1,581.1% during the 1st quarter. Millennium Management LLC now owns 347,853 shares of the company’s stock worth $5,371,000 after purchasing an additional 327,161 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in Bright Scholar Education Holdngs during the 1st quarter worth about $2,896,000. 13.20% of the stock is owned by hedge funds and other institutional investors.

BEDU traded up $0.98 during midday trading on Friday, hitting $10.68. The company’s stock had a trading volume of 402,008 shares, compared to its average volume of 271,314. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 42.72 and a beta of 1.31. Bright Scholar Education Holdngs Ltd-ADR has a 52-week low of $9.13 and a 52-week high of $28.18.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Bright Scholar Education Holdngs had a net margin of 14.37% and a return on equity of 12.61%. The business had revenue of $84.39 million during the quarter. Equities research analysts predict that Bright Scholar Education Holdngs Ltd-ADR will post 0.33 EPS for the current year.

Several research firms have commented on BEDU. ValuEngine upgraded Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Morgan Stanley upgraded Bright Scholar Education Holdngs from an “equal weight” rating to an “overweight” rating in a report on Friday, June 29th. 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 issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.

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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Institutional Ownership by Quarter for Bright Scholar Education Holdngs (NYSE:BEDU)

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