Sunlands Online Education Group -‘s Lock-Up Period To End on September 19th (NYSE:STG)

Sunlands Online Education Group’s (NYSE:STG) lock-up period will end on Wednesday, September 19th. Sunlands Online Education Group had issued 13,000,000 shares in its initial public offering on March 23rd. The total size of the offering was $149,500,000 based on an initial share price of $11.50. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Separately, Credit Suisse Group started coverage on shares of Sunlands Online Education Group in a research report on Friday, June 22nd. They set an “outperform” rating for the company.

Sunlands Online Education Group stock opened at $6.30 on Wednesday. Sunlands Online Education Group has a fifty-two week low of $5.05 and a fifty-two week high of $14.08.

A number of institutional investors have recently added to or reduced their stakes in STG. BlackRock Inc. acquired a new position in Sunlands Online Education Group during the 1st quarter worth $9,130,000. Hsbc Holdings PLC acquired a new position in Sunlands Online Education Group during the 1st quarter worth $14,725,000. Landscape Capital Management L.L.C. acquired a new position in Sunlands Online Education Group during the 1st quarter worth $191,000. Primavera Capital Management Ltd acquired a new position in Sunlands Online Education Group during the 1st quarter worth $171,476,000. Finally, Keenan Capital LLC acquired a new position in Sunlands Online Education Group during the 1st quarter worth $3,320,000. 29.39% of the stock is owned by hedge funds and other institutional investors.

About Sunlands Online Education Group

Sunlands Online Education Group, through its subsidiaries, provides online education services in the People's Republic of China. The company offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of master of business administration programs.

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