Citadel Advisors LLC lowered its position in RISE Education Cayman Ltd (NASDAQ:REDU) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,920 shares of the company’s stock after selling 5,203 shares during the period. Citadel Advisors LLC’s holdings in RISE Education Cayman were worth $747,000 as of its most recent SEC filing.
Separately, Trexquant Investment LP acquired a new stake in RISE Education Cayman in the 2nd quarter worth approximately $191,000. 17.64% of the stock is owned by institutional investors.
REDU stock opened at $10.63 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 1.46. RISE Education Cayman Ltd has a 52 week low of $9.50 and a 52 week high of $18.60. The company has a market capitalization of $562.10 million and a P/E ratio of 127.75.
RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings data on Thursday, August 16th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. RISE Education Cayman had a negative net margin of 2.68% and a positive return on equity of 20.71%. The business had revenue of $45.37 million during the quarter. equities research analysts forecast that RISE Education Cayman Ltd will post 0.49 EPS for the current fiscal year.
A number of analysts recently commented on the stock. UBS Group assumed coverage on shares of RISE Education Cayman in a research note on Thursday, June 7th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of RISE Education Cayman from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. ValuEngine upgraded shares of RISE Education Cayman from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Finally, Credit Suisse Group assumed coverage on shares of RISE Education Cayman in a research note on Tuesday, May 29th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $13.75.
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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