Zacks Investment Research lowered shares of RYB Education (NYSE:RYB) from a buy rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “RYB Education, Inc. provides educational services primarily in China. It offer training in subjects and languages, teacher recruitment, guidance, innovative learning, development of children, rating systems, parents consulting and other services. The Company operates kindergarten and pre-schools. RYB Education, Inc. is based in BEIJING, China. “

A number of other analysts have also recently issued reports on RYB. ValuEngine cut RYB Education from a buy rating to a hold rating in a research note on Wednesday. Jefferies Financial Group began coverage on shares of RYB Education in a research note on Monday, July 23rd. They set a buy rating and a $27.00 price target for the company. Finally, Credit Suisse Group cut shares of RYB Education from an outperform rating to a neutral rating in a research note on Wednesday, May 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $24.50.

NYSE RYB traded up $0.08 during trading hours on Thursday, reaching $19.45. 33,260 shares of the company’s stock were exchanged, compared to its average volume of 80,067. RYB Education has a one year low of $15.50 and a one year high of $31.80. The stock has a market cap of $589.60 million and a price-to-earnings ratio of 72.04.

RYB Education (NYSE:RYB) last posted its earnings results on Tuesday, August 28th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. RYB Education had a return on equity of 3.62% and a net margin of 2.48%. The business had revenue of $47.48 million during the quarter. analysts anticipate that RYB Education will post 0.34 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of RYB. Deutsche Bank AG grew its stake in shares of RYB Education by 138.1% during the 4th quarter. Deutsche Bank AG now owns 50,000 shares of the company’s stock worth $844,000 after acquiring an additional 29,000 shares in the last quarter. Valiant Capital Management L.P. bought a new position in shares of RYB Education during the 1st quarter worth approximately $27,949,000. BlackRock Inc. grew its stake in shares of RYB Education by 2,686.1% during the 2nd quarter. BlackRock Inc. now owns 7,439 shares of the company’s stock worth $146,000 after acquiring an additional 7,172 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of RYB Education during the 2nd quarter worth approximately $280,000. Finally, Bank of America Corp DE grew its stake in shares of RYB Education by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 162,118 shares of the company’s stock worth $3,185,000 after acquiring an additional 14,073 shares in the last quarter. 11.36% of the stock is owned by institutional investors.

RYB Education Company Profile

RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.

Featured Story: Price to Earnings Ratio (PE) Basics

Get a free copy of the Zacks research report on RYB Education (RYB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RYB Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RYB Education and related companies with MarketBeat.com's FREE daily email newsletter.