OneSmart International Edun Gr (ONE) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of OneSmart International Edun Gr (NYSE:ONE) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “OneSmart International Education Group Limited offers education services. The School provides K-12 after-school education services. It also offers one to one education, examination question analysis, mistakes settlement, tutoring, culture programs and other services. OneSmart International Education Group Limited is based in China. “

Separately, Deutsche Bank lowered shares of OneSmart International Edun Gr from a buy rating to a hold rating and upped their target price for the stock from $12.60 to $15.60 in a research note on Tuesday, July 24th.

ONE traded up $0.12 during trading on Wednesday, hitting $8.18. 50,501 shares of the company’s stock were exchanged, compared to its average volume of 92,225. OneSmart International Edun Gr has a fifty-two week low of $7.53 and a fifty-two week high of $16.00.

OneSmart International Edun Gr (NYSE:ONE) last posted its earnings results on Tuesday, July 31st. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.07). The firm had revenue of $128.63 million for the quarter. On average, equities research analysts anticipate that OneSmart International Edun Gr will post 0.22 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Standard Life Aberdeen plc bought a new stake in shares of OneSmart International Edun Gr in the 2nd quarter worth $26,150,000. Millennium Management LLC bought a new stake in shares of OneSmart International Edun Gr in the 1st quarter worth $2,845,000. Acadian Asset Management LLC bought a new stake in shares of OneSmart International Edun Gr in the 2nd quarter worth $1,658,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of OneSmart International Edun Gr in the 2nd quarter worth $1,031,000. Finally, BlackRock Inc. bought a new stake in shares of OneSmart International Edun Gr in the 2nd quarter worth $780,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

About OneSmart International Edun Gr

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools in the People's Republic of China. It offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

Further Reading: Tariff

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