Granite Point Capital Management L.P. trimmed its stake in Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) by 68.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,800 shares of the company’s stock after selling 23,700 shares during the quarter. Granite Point Capital Management L.P.’s holdings in Bright Scholar Education Holdngs were worth $202,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Bright Scholar Education Holdngs in the fourth quarter valued at $340,000. Bank of Montreal Can lifted its stake in Bright Scholar Education Holdngs by 50.3% in the fourth quarter. Bank of Montreal Can now owns 22,866 shares of the company’s stock valued at $427,000 after buying an additional 7,656 shares during the last quarter. Barings LLC bought a new stake in Bright Scholar Education Holdngs in the fourth quarter valued at $692,000. GSA Capital Partners LLP bought a new stake in Bright Scholar Education Holdngs in the third quarter valued at $806,000. Finally, JPMorgan Chase & Co. bought a new stake in Bright Scholar Education Holdngs in the third quarter valued at $1,367,000. Institutional investors own 12.10% of the company’s stock.

A number of equities research analysts have issued reports on BEDU shares. Deutsche Bank began coverage on Bright Scholar Education Holdngs in a research note on Wednesday, October 18th. They issued a “buy” rating on the stock. Morgan Stanley lowered Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a report on Monday, January 8th. Finally, ValuEngine raised Bright Scholar Education Holdngs from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd.

Bright Scholar Education Holdngs Ltd-ADR (NYSE BEDU) opened at $19.18 on Wednesday. Bright Scholar Education Holdngs Ltd-ADR has a fifty-two week low of $10.55 and a fifty-two week high of $28.18.

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Bright Scholar Education Holdngs Company Profile

Bright Scholar Education Holdings Limited is an operator of international and bilingual K-12 schools in China. The Company is engaged in providing international education to Chinese students. Its schools comprise international schools, bilingual schools and kindergartens. It offers a broad range of internationally-accredited curricula at its international schools.

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Institutional Ownership by Quarter for Bright Scholar Education Holdngs (NYSE:BEDU)

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