Bright Scholar Education Holdngs (BEDU) Downgraded by ValuEngine

Bright Scholar Education Holdngs (NYSE:BEDU) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, May 2nd.

Other analysts have also recently issued reports about the stock. JPMorgan Chase assumed coverage on shares of Bright Scholar Education Holdngs in a research note on Thursday, March 8th. They issued an “overweight” rating and a $17.00 target price for the company. Morgan Stanley cut shares of Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 8th.

Shares of Bright Scholar Education Holdngs stock traded up $0.20 on Wednesday, reaching $15.75. The stock had a trading volume of 61,100 shares, compared to its average volume of 275,387. Bright Scholar Education Holdngs has a 1 year low of $15.75 and a 1 year high of $15.81.

Hedge funds have recently added to or reduced their stakes in the stock. Castleark Management LLC acquired a new stake in Bright Scholar Education Holdngs in the 4th quarter worth approximately $153,000. Raymond James & Associates acquired a new stake in Bright Scholar Education Holdngs in the 4th quarter worth approximately $239,000. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new stake in Bright Scholar Education Holdngs in the 1st quarter worth approximately $307,000. Guggenheim Capital LLC boosted its stake in Bright Scholar Education Holdngs by 56.7% in the 4th quarter. Guggenheim Capital LLC now owns 17,949 shares of the company’s stock worth $335,000 after purchasing an additional 6,494 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Bright Scholar Education Holdngs in the 4th quarter worth approximately $340,000. Institutional investors own 10.28% of the company’s stock.

About Bright Scholar Education Holdngs

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 January 23, 2018, it had a network of 60 schools with approximately 33,916 students.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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