Ariose Capital Management Ltd Takes Position in Bright Scholar Education Holdngs Ltd-ADR (BEDU)

Ariose Capital Management Ltd bought a new stake in shares of Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) during the 4th quarter, HoldingsChannel.com reports. The fund bought 211,737 shares of the company’s stock, valued at approximately $3,953,000. Bright Scholar Education Holdngs comprises approximately 1.6% of Ariose Capital Management Ltd’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in Bright Scholar Education Holdngs during the 4th quarter valued at $2,559,000. Barings LLC bought a new stake in Bright Scholar Education Holdngs during the 4th quarter valued at $692,000. Harvest Fund Management Co. Ltd boosted its position in Bright Scholar Education Holdngs by 263.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 348,429 shares of the company’s stock valued at $6,505,000 after acquiring an additional 252,490 shares in the last quarter. SG Americas Securities LLC bought a new stake in Bright Scholar Education Holdngs during the 4th quarter valued at $340,000. Finally, Bank of Montreal Can boosted 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 worth $427,000 after purchasing an additional 7,656 shares in the last quarter. 12.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bright Scholar Education Holdngs Ltd-ADR (BEDU) opened at $19.57 on Monday. Bright Scholar Education Holdngs Ltd-ADR has a 52-week low of $10.55 and a 52-week high of $28.18.

A number of analysts have recently weighed in on the company. ValuEngine raised Bright Scholar Education Holdngs from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Morgan Stanley cut Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 8th.

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Bright Scholar Education Holdngs Profile

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.

Want to see what other hedge funds are holding BEDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU).

Institutional Ownership by Quarter for Bright Scholar Education Holdngs (NYSE:BEDU)

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