RISE Education Cayman (REDU) Cut to Neutral at UBS Group

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RISE Education Cayman (NASDAQ:REDU) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Thursday, 99wallstreet.com reports.

Other equities research analysts have also recently issued reports about the company. ValuEngine raised RISE Education Cayman from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Zacks Investment Research raised RISE Education Cayman from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Finally, Credit Suisse Group began coverage on RISE Education Cayman in a report on Tuesday, May 29th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $13.75.

REDU stock opened at $10.14 on Thursday. RISE Education Cayman has a fifty-two week low of $9.50 and a fifty-two week high of $18.60. The firm has a market cap of $545.05 million and a P/E ratio of 100.00. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 1.46.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings results on Thursday, August 16th. The company reported $0.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.12. RISE Education Cayman had a positive return on equity of 20.71% and a negative net margin of 2.68%. The firm had revenue of $45.37 million during the quarter. equities research analysts expect that RISE Education Cayman will post 0.49 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in REDU. Trexquant Investment LP acquired a new stake in RISE Education Cayman during the 2nd quarter valued at $191,000. BlackRock Inc. increased its holdings in RISE Education Cayman by 198.6% during the 2nd 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. Laurion Capital Management LP acquired a new stake in shares of RISE Education Cayman in the 2nd quarter valued at $11,885,000. Point72 Asset Management L.P. acquired a new stake in shares of RISE Education Cayman in the 2nd quarter valued at $328,000. Finally, Millennium Management LLC acquired a new stake in shares of RISE Education Cayman in the 2nd quarter valued at $3,367,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

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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