Point72 Asset Management L.P. acquired a new stake in RISE Education Cayman Ltd (NASDAQ:REDU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,217 shares of the company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Laurion Capital Management LP acquired a new position in shares of RISE Education Cayman in the second quarter valued at $11,885,000. BlackRock Inc. raised its stake in shares of RISE Education Cayman by 198.6% in the second quarter. BlackRock Inc. now owns 58,618 shares of the company’s stock valued at $827,000 after purchasing an additional 38,990 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of RISE Education Cayman in the second quarter valued at $191,000. 17.64% of the stock is owned by institutional investors.

Shares of NASDAQ REDU opened at $12.07 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.12 and a quick ratio of 1.11. The firm has a market capitalization of $673.20 million and a P/E ratio of 120.70. RISE Education Cayman Ltd has a one year low of $9.50 and a one year high of $18.60.

RISE Education Cayman (NASDAQ:REDU) last issued its earnings results on Thursday, August 16th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. RISE Education Cayman had a positive return on equity of 20.71% and a negative net margin of 2.68%. The business had revenue of $45.37 million during the quarter. equities analysts anticipate that RISE Education Cayman Ltd will post 0.49 EPS for the current year.

REDU has been the subject of a number of recent research reports. ValuEngine lowered RISE Education Cayman from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Credit Suisse Group initiated coverage on RISE Education Cayman in a research note on Tuesday, May 29th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded RISE Education Cayman from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, August 23rd. Finally, UBS Group initiated coverage on RISE Education Cayman in a research note on Thursday, June 7th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average 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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Institutional Ownership by Quarter for RISE Education Cayman (NASDAQ:REDU)

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