Bright Scholar Education Holdngs (BEDU) Upgraded at ValuEngine

Bright Scholar Education Holdngs (NYSE:BEDU) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Deutsche Bank started coverage on shares of Bright Scholar Education Holdngs in a report on Wednesday, October 18th. They set a “buy” rating on the stock. Morgan Stanley downgraded shares of Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 8th.

Shares of Bright Scholar Education Holdngs (BEDU) traded down $0.79 during trading hours on Friday, hitting $20.18. 240,914 shares of the company were exchanged, compared to its average volume of 210,297. Bright Scholar Education Holdngs has a fifty-two week low of $10.55 and a fifty-two week high of $28.18.

A number of institutional investors have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd grew its position in Bright Scholar Education Holdngs by 263.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 348,429 shares of the company’s stock valued at $6,505,000 after purchasing an additional 252,490 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Bright Scholar Education Holdngs in the 4th quarter valued at about $340,000. Bank of Montreal Can grew its position in shares of Bright Scholar Education Holdngs by 50.3% in the 4th quarter. Bank of Montreal Can now owns 22,866 shares of the company’s stock valued at $427,000 after acquiring an additional 7,656 shares during the period. Copper Rock Capital Partners LLC bought a new position in shares of Bright Scholar Education Holdngs in the 4th quarter valued at about $16,945,000. Finally, GSA Capital Partners LLP bought a new position in shares of Bright Scholar Education Holdngs in the 3rd quarter valued at about $806,000. 11.87% of the stock is owned by institutional investors and hedge funds.

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About Bright Scholar Education Holdngs

Bright Scholar Education Holdings Limited is an operator of international and bilingual K-12 schools in China. The Company is engaged in providing international education to Chinese students. Its schools comprise international schools, bilingual schools and kindergartens. It offers a broad range of internationally-accredited curricula at its international schools.

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

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