Truvestments Capital LLC Has $33,000 Stock Holdings in RISE Education Cayman Ltd (NASDAQ:REDU)

Truvestments Capital LLC cut its stake in RISE Education Cayman Ltd (NASDAQ:REDU) by 54.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,001 shares of the company’s stock after selling 4,807 shares during the period. Truvestments Capital LLC’s holdings in RISE Education Cayman were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of RISE Education Cayman during the 2nd quarter valued at about $133,000. D. E. Shaw & Co. Inc. bought a new position in shares of RISE Education Cayman in the second quarter worth $139,000. Citadel Advisors LLC boosted its holdings in shares of RISE Education Cayman by 112.0% in the second quarter. Citadel Advisors LLC now owns 22,655 shares of the company’s stock worth $216,000 after acquiring an additional 11,968 shares during the period. Northern Trust Corp raised its position in shares of RISE Education Cayman by 119.2% in the second quarter. Northern Trust Corp now owns 27,873 shares of the company’s stock worth $265,000 after buying an additional 15,158 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of RISE Education Cayman in the second quarter worth $389,000. 13.09% of the stock is owned by hedge funds and other institutional investors.

NASDAQ REDU traded up $0.33 during trading hours on Friday, reaching $7.60. 1,859 shares of the stock traded hands, compared to its average volume of 19,381. The stock has a 50 day simple moving average of $8.25 and a two-hundred day simple moving average of $9.10. RISE Education Cayman Ltd has a 1 year low of $6.62 and a 1 year high of $12.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market cap of $375.84 million, a price-to-earnings ratio of 19.00 and a beta of 0.84.



RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). RISE Education Cayman had a net margin of 8.70% and a return on equity of 29.54%. The firm had revenue of $53.47 million for the quarter. On average, sell-side analysts forecast that RISE Education Cayman Ltd will post 0.35 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on REDU shares. ValuEngine upgraded RISE Education Cayman from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded RISE Education Cayman from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 19th.

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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