Dalton Investments LLC Has $3.71 Million Position in China Online Education Group (COE)
Dalton Investments LLC boosted its holdings in China Online Education Group (NYSE:COE) by 516.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,328 shares of the company’s stock after purchasing an additional 217,281 shares during the period. China Online Education Group comprises about 1.7% of Dalton Investments LLC’s portfolio, making the stock its 13th largest holding. Dalton Investments LLC owned 1.29% of China Online Education Group worth $3,706,000 at the end of the most recent quarter.
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Shares of China Online Education Group (NYSE:COE) traded up $0.09 during mid-day trading on Monday, reaching $13.18. 21,500 shares of the company’s stock were exchanged, compared to its average volume of 41,073. China Online Education Group has a 12-month low of $12.45 and a 12-month high of $22.36.
China Online Education Group (NYSE:COE) last announced its quarterly earnings results on Friday, August 25th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.04). The business had revenue of $28.29 million for the quarter.
Separately, ValuEngine upgraded shares of China Online Education Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
About China Online Education Group
China Online Education Group is engaged in providing online English language education services to students in the People’s Republic of China (the PRC). The Company operates an online education platform that provides online tutoring programs to students through the Internet. Its platform analyzes teachers’ teaching aptitudes, feedback and rating from students, as well as background, and recommends suitable teachers to students according to their respective characteristics and learning objectives.
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