RYB Education (RYB) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of RYB Education (NYSE:RYB) from a strong-buy rating to a hold rating in a research report released on Tuesday morning.
According to Zacks, “RYB Education, Inc. provides educational services primarily in China. It offer training in subjects and languages, teacher recruitment, guidance, innovative learning, development of children, rating systems, parents consulting and other services. The Company operates kindergarten and pre-schools. RYB Education, Inc. is based in BEIJING, China. “
A number of other analysts also recently commented on RYB. ValuEngine downgraded RYB Education from a buy rating to a hold rating in a research report on Wednesday, August 29th. Morgan Stanley upgraded RYB Education from an equal weight rating to an overweight rating and set a $24.00 price objective for the company in a research report on Tuesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $19.50.
Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of RYB Education by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 162,118 shares of the company’s stock worth $3,185,000 after buying an additional 14,073 shares during the period. Wells Fargo & Company MN lifted its position in shares of RYB Education by 3,508.5% during the 3rd quarter. Wells Fargo & Company MN now owns 54,127 shares of the company’s stock worth $1,140,000 after buying an additional 52,627 shares during the period. Citadel Advisors LLC bought a new position in shares of RYB Education during the 2nd quarter worth approximately $280,000. Finally, BlackRock Inc. lifted its position in shares of RYB Education by 2,686.1% during the 2nd quarter. BlackRock Inc. now owns 7,439 shares of the company’s stock worth $146,000 after buying an additional 7,172 shares during the period. Institutional investors own 13.67% of the company’s stock.
About RYB Education
RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.
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