Bright Scholar Education (NYSE:BEDU) Issues Earnings Results

Bright Scholar Education (NYSE:BEDU) released its quarterly earnings data on Friday. The company reported $0.03 EPS for the quarter, reports. The company had revenue of $72.45 million for the quarter.

Bright Scholar Education Stock Performance

Shares of BEDU opened at $1.91 on Friday. The company has a 50-day moving average of $1.99 and a two-hundred day moving average of $1.53. Bright Scholar Education has a 12-month low of $0.81 and a 12-month high of $3.23.

Hedge Funds Weigh In On Bright Scholar Education

A hedge fund recently raised its stake in Bright Scholar Education stock. Maven Securities LTD increased its position in Bright Scholar Education Holdings Limited (NYSE:BEDU) by 105.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,145 shares of the company’s stock after buying an additional 13,396 shares during the period. Maven Securities LTD’s holdings in Bright Scholar Education were worth $63,000 as of its most recent SEC filing. 26.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Bright Scholar Education from a “c-” rating to a “d-” rating in a research report on Monday, February 5th.

About Bright Scholar Education

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services.