Morgan Stanley downgraded shares of Bright Scholar Education Holdngs (NYSE:BEDU) from an overweight rating to an equal weight rating in a research note published on Monday morning, Marketbeat Ratings reports.

Separately, Deutsche Bank began coverage on Bright Scholar Education Holdngs in a research note on Wednesday, October 18th. They issued a buy rating on the stock.

Bright Scholar Education Holdngs (BEDU) opened at $21.35 on Monday. The firm has a market capitalization of $2,360.00 and a PE ratio of 85.40. Bright Scholar Education Holdngs has a 52 week low of $10.55 and a 52 week high of $28.18.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of Bright Scholar Education Holdngs in the 3rd quarter valued at about $806,000. JPMorgan Chase & Co. acquired a new position in shares of Bright Scholar Education Holdngs in the 3rd quarter valued at about $1,367,000. Prudence Asset Management Ltd lifted its stake in shares of Bright Scholar Education Holdngs by 531.6% in the 3rd quarter. Prudence Asset Management Ltd now owns 126,318 shares of the company’s stock valued at $2,934,000 after purchasing an additional 106,318 shares in the last quarter. Finally, Copper Rock Capital Partners LLC acquired a new position in Bright Scholar Education Holdngs during the 4th quarter worth approximately $16,945,000. 11.20% of the stock is currently owned by institutional investors and hedge funds.

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Bright Scholar Education Holdngs Company 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.

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