Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 145,600 shares, an increase of 26.2% from the July 31st total of 115,400 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 73,700 shares, the short-interest ratio is presently 2.0 days.

A number of research analysts recently commented on BEDU shares. Zacks Investment Research cut Bright Scholar Education Holdngs from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Morgan Stanley cut Bright Scholar Education Holdngs from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a report on Friday, May 24th.

Shares of NYSE BEDU remained flat at $$9.32 during trading hours on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 67,332. The company has a market capitalization of $1.15 billion, a PE ratio of 31.07 and a beta of 1.33. The firm’s 50 day moving average is $9.17 and its 200 day moving average is $10.13. Bright Scholar Education Holdngs has a 52-week low of $8.40 and a 52-week high of $13.50.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Bright Scholar Education Holdngs had a return on equity of 10.40% and a net margin of 13.47%. The firm had revenue of $692.83 million for the quarter, compared to the consensus estimate of $706.16 million. Bright Scholar Education Holdngs’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities analysts expect that Bright Scholar Education Holdngs will post 0.42 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of BEDU. Deutsche Bank AG grew its position in shares of Bright Scholar Education Holdngs by 250.7% during the 4th quarter. Deutsche Bank AG now owns 71,400 shares of the company’s stock worth $657,000 after buying an additional 51,040 shares in the last quarter. Marshall Wace LLP grew its position in shares of Bright Scholar Education Holdngs by 24.2% during the 1st quarter. Marshall Wace LLP now owns 261,605 shares of the company’s stock worth $2,705,000 after buying an additional 50,892 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Bright Scholar Education Holdngs during the 1st quarter worth $419,000. Trellus Management Company LLC bought a new position in shares of Bright Scholar Education Holdngs during the 2nd quarter worth $173,000. Finally, JPMorgan Chase & Co. grew its position in shares of Bright Scholar Education Holdngs by 1,230.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,549 shares of the company’s stock worth $325,000 after buying an additional 30,102 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Bright Scholar Education Holdngs Company Profile

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 well as international education consulting services.

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