Laurion Capital Management LP lowered its stake in RISE Education Cayman Ltd (NASDAQ:REDU) by 66.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,735 shares of the company’s stock after selling 555,953 shares during the quarter. Laurion Capital Management LP owned approximately 0.52% of RISE Education Cayman worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Credit Suisse AG increased its stake in RISE Education Cayman by 37.7% in the 3rd quarter. Credit Suisse AG now owns 857,994 shares of the company’s stock worth $10,150,000 after purchasing an additional 234,685 shares in the last quarter. Northern Trust Corp purchased a new position in RISE Education Cayman in the 2nd quarter worth about $151,000. Truvestments Capital LLC purchased a new position in RISE Education Cayman in the 2nd quarter worth about $148,000. Jane Street Group LLC purchased a new position in RISE Education Cayman in the 2nd quarter worth about $599,000. Finally, Millennium Management LLC purchased a new position in RISE Education Cayman in the 2nd quarter worth about $3,367,000. 17.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut RISE Education Cayman from a “buy” rating to a “sell” rating in a research note on Friday, October 5th. UBS Group cut RISE Education Cayman from a “buy” rating to a “neutral” rating in a research note on Thursday, September 6th.
Shares of REDU opened at $8.25 on Friday. The stock has a market capitalization of $473.00 million, a P/E ratio of 86.00 and a beta of -0.36. RISE Education Cayman Ltd has a 1-year low of $7.40 and a 1-year high of $18.60. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.05 and a current ratio of 1.06.
RISE Education Cayman (NASDAQ:REDU) last issued its quarterly earnings results on Thursday, November 15th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The company had revenue of $50.58 million during the quarter. RISE Education Cayman had a positive return on equity of 12.36% and a negative net margin of 2.35%. As a group, equities analysts forecast that RISE Education Cayman Ltd will post 0.42 EPS for the current year.
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RISE Education Cayman Company Profile
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
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