Prudential Financial Inc. bought a new position in shares of Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) during the second quarter, Holdings Channel reports. The fund bought 19,300 shares of the company’s stock, valued at approximately $175,000.
A number of other institutional investors have also recently bought and sold shares of BEDU. Marshall Wace LLP increased its holdings in Bright Scholar Education Holdngs by 24.2% during the 1st quarter. Marshall Wace LLP now owns 261,605 shares of the company’s stock worth $2,705,000 after acquiring an additional 50,892 shares during the period. Marshall Wace North America L.P. purchased a new position in Bright Scholar Education Holdngs in the 1st quarter worth approximately $419,000. JPMorgan Chase & Co. grew its stake in Bright Scholar Education Holdngs by 1,230.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,549 shares of the company’s stock worth $325,000 after buying an additional 30,102 shares in the last quarter. Finally, Trellus Management Company LLC purchased a new position in Bright Scholar Education Holdngs in the 2nd quarter worth approximately $173,000. 11.01% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a research note on Tuesday.
Bright Scholar Education Holdngs (NYSE:BEDU) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). Bright Scholar Education Holdngs had a return on equity of 10.40% and a net margin of 13.47%. The company had revenue of $692.83 million during the quarter, compared to analysts’ expectations of $706.16 million. Bright Scholar Education Holdngs’s revenue was up 28.1% on a year-over-year basis. As a group, analysts anticipate that Bright Scholar Education Holdngs Ltd-ADR will post 0.42 EPS for the current fiscal year.
The firm also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.088 dividend. The ex-dividend date is Friday, September 27th.
About Bright Scholar Education Holdngs
Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services.
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