Nord Anglia Education Inc (NORD) Sees Significant Drop in Short Interest
Nord Anglia Education Inc (NYSE:NORD) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 340,502 shares, a decline of 48.0% from the April 28th total of 655,424 shares. Based on an average daily volume of 336,312 shares, the short-interest ratio is currently 1.0 days. Approximately 1.1% of the company’s stock are short sold.
A number of research firms have issued reports on NORD. Zacks Investment Research downgraded Nord Anglia Education from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. CLSA reiterated an “underperform” rating on shares of Nord Anglia Education in a research note on Thursday, April 27th. Credit Suisse Group AG reiterated an “outperform” rating and set a $28.00 price target on shares of Nord Anglia Education in a research note on Monday, April 17th. Royal Bank of Canada reiterated a “buy” rating and set a $32.50 price target on shares of Nord Anglia Education in a research note on Friday, April 28th. Finally, William Blair downgraded Nord Anglia Education from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.57.
Nord Anglia Education (NYSE:NORD) traded up 0.06% during trading on Thursday, hitting $32.21. 1,290,382 shares of the company’s stock traded hands. Nord Anglia Education has a 12 month low of $20.08 and a 12 month high of $32.99. The company’s 50 day moving average is $30.52 and its 200-day moving average is $25.22. The stock has a market cap of $3.35 billion, a P/E ratio of 65.20 and a beta of 0.93.
Nord Anglia Education (NYSE:NORD) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. Nord Anglia Education had a net margin of 6.57% and a return on equity of 22.83%. The firm had revenue of $259.50 million for the quarter, compared to analysts’ expectations of $262.11 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts predict that Nord Anglia Education will post $0.66 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Swiss National Bank boosted its stake in Nord Anglia Education by 5.9% in the third quarter. Swiss National Bank now owns 59,021 shares of the company’s stock worth $1,285,000 after buying an additional 3,300 shares during the last quarter. Triple Frond Partners LLC boosted its stake in Nord Anglia Education by 108.5% in the fourth quarter. Triple Frond Partners LLC now owns 1,402,441 shares of the company’s stock worth $32,677,000 after buying an additional 729,813 shares during the last quarter. State Street Corp boosted its stake in Nord Anglia Education by 13.2% in the fourth quarter. State Street Corp now owns 172,433 shares of the company’s stock worth $4,018,000 after buying an additional 20,098 shares during the last quarter. Trexquant Investment LP purchased a new stake in Nord Anglia Education during the fourth quarter worth approximately $200,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Nord Anglia Education during the fourth quarter worth approximately $1,109,000. Hedge funds and other institutional investors own 31.40% of the company’s stock.
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About Nord Anglia Education
Nord Anglia Education, Inc is an operator of international schools. As of August 31, 2016, the Company taught over 37,000 students, from kindergarten through the end of secondary school (K-12), at its 43 schools in China, Europe, the Middle East, South East Asia and North America. The Company’s segments include China, Europe, Middle East (ME), Southeast Asia (SEA), North America and Other.
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