China Online Education Group (NYSE:COE) coverage initiated by StockNews.com analysts



StockNews.com assumed hedging on the shares of China Online Education Group (NYSE:COEGet a rating) in a report released Monday. The company has placed a “holding” rating on the stock.

NYSE COE opened at $1.59 on Monday. The company’s fifty-day moving average is $1.44 and its 200-day moving average is $1.66. China Online Education Group has a fifty-two-week minimum of $0.76 and a fifty-two-week maximum of $23.25. The company has a market capitalization of $34.31 million, a PE ratio of 2.21 and a beta of -0.72.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. BlackRock Inc. increased its position in China Online Education Group shares by 20.9% during the third quarter. BlackRock Inc. now owns 57,142 shares of the company valued at $149,000 after acquiring an additional 9,862 shares during the period. Prescott Group Capital Management LLC purchased a new stake in shares of China Online Education Group during the third quarter at a value of $26,000. Goldman Sachs Group Inc. acquired a new stock position in China Online Education Group during the second quarter worth $89,000. Two Sigma Securities LLC acquired a new stock position in China Online Education Group during the third quarter worth $43,000. Finally, Renaissance Technologies LLC increased its stake in shares of China Online Education Group by 7.4% during the fourth quarter. Renaissance Technologies LLC now owns 276,400 shares of the company worth $334,000 after purchasing an additional 19,100 shares in the last quarter. 68.03% of the shares are currently held by hedge funds and other institutional investors.

China Online Education Group Company Profile (Get a rating)

China Online Education Group, through its subsidiaries, provides online English education services to students in the People’s Republic of China and the Philippines. The company operates online and mobile teaching platforms that allow students to take live interactive English lessons with international foreign teachers.

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