Laurion Capital Management LP trimmed its position in shares of RISE Education Cayman Ltd (NASDAQ:REDU) by 66.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 285,735 shares of the company’s stock after selling 555,953 shares during the period. Laurion Capital Management LP’s holdings in RISE Education Cayman were worth $3,380,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $148,000. Northern Trust Corp acquired a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $151,000. Trexquant Investment LP acquired a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $191,000. Point72 Asset Management L.P. acquired a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $328,000. Finally, Jane Street Group LLC acquired a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $599,000. Institutional investors and hedge funds own 17.41% of the company’s stock.

REDU opened at $8.25 on Friday. RISE Education Cayman Ltd has a twelve month low of $7.40 and a twelve month high of $18.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market capitalization of $473.00 million, a P/E ratio of 86.00 and a beta of -0.36.

RISE Education Cayman (NASDAQ:REDU) last posted its earnings results on Thursday, November 15th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). RISE Education Cayman had a positive return on equity of 12.36% and a negative net margin of 2.35%. The company had revenue of $50.58 million during the quarter. Equities analysts expect that RISE Education Cayman Ltd will post 0.42 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. UBS Group lowered RISE Education Cayman from a “buy” rating to a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research lowered RISE Education Cayman from a “buy” rating to a “sell” rating in a report on Friday, October 5th.

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About RISE Education Cayman

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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Institutional Ownership by Quarter for RISE Education Cayman (NASDAQ:REDU)

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