Oasis Management Co Ltd. lowered its stake in Sunlands Online Education Group – (NYSE:STG) by 50.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,000 shares of the company’s stock after selling 33,100 shares during the period. Sunlands Online Education Group makes up approximately 0.3% of Oasis Management Co Ltd.’s portfolio, making the stock its 9th biggest holding. Oasis Management Co Ltd.’s holdings in Sunlands Online Education Group were worth $194,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Blueport Capital L.P. purchased a new position in shares of Sunlands Online Education Group in the second quarter worth $130,000. Citadel Advisors LLC purchased a new position in shares of Sunlands Online Education Group in the second quarter worth $124,000. NINE MASTS CAPITAL Ltd purchased a new position in shares of Sunlands Online Education Group in the second quarter worth $11,811,000. Bank of America Corp DE purchased a new position in shares of Sunlands Online Education Group in the second quarter worth $713,000. Finally, Castleark Management LLC lifted its holdings in shares of Sunlands Online Education Group by 55.5% in the second quarter. Castleark Management LLC now owns 77,534 shares of the company’s stock worth $691,000 after buying an additional 27,678 shares in the last quarter. 25.27% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of Sunlands Online Education Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.
Shares of STG stock traded down $0.06 during mid-day trading on Thursday, hitting $3.78. The company had a trading volume of 35,942 shares, compared to its average volume of 57,371. Sunlands Online Education Group – has a 52-week low of $3.55 and a 52-week high of $14.08.
Sunlands Online Education Group (NYSE:STG) last released its earnings results on Friday, November 23rd. The company reported ($4.76) EPS for the quarter, missing the consensus estimate of ($0.13) by ($4.63). The firm had revenue of $75.28 million for the quarter. On average, equities research analysts predict that Sunlands Online Education Group – will post -0.66 EPS for the current year.
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About Sunlands Online Education Group
Sunlands Online Education Group, through its subsidiaries, provides online education services in the People's Republic of China. The company offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of master of business administration programs.
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