China Online Education Group (NYSE:COE) coverage launched on StockNews.com



Research analysts at StockNews.com initiated a hedge on the shares of China Online Education Group (NYSE:COEGet a rating) in a report released Sunday. The brokerage has placed a “holding” rating on the stock.

China Online Education Group Stock Performance

Shares of Center of Excellence opened at $1.48 on Friday. The stock has a market capitalization of $32.92 million, a P/E ratio of -5.29 and a beta of -0.65. The company’s fifty-day moving average is $1.28 and its two-hundred-day moving average is $1.32. China Online Education Group has a 1-year minimum of $0.76 and a 1-year maximum of $4.84.

Hedge funds weigh on China Online Education Group

A number of institutional investors and hedge funds have recently changed their positions in COE. Acadian Asset Management LLC increased its stake in shares of China Online Education Group by 121.5% during the 4th quarter. Acadian Asset Management LLC now owns 361,157 shares of the company worth $436,000 after purchasing an additional 198,123 shares during the period. Redpoint Investment Management Pty Ltd acquired a new stock position in China Online Education Group during Q1 worth $213,000. Envestnet Asset Management Inc. increased its stake in shares of China Online Education Group by 193.2% during Q1. Envestnet Asset Management Inc. now owns 55,979 shares of the company worth $98,000 after purchasing an additional 36,885 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of China Online Education Group by 219.3% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 53,080 shares of the company worth $93,000 after purchasing an additional 36,455 shares during the period. 69.25% of the shares are held by institutional investors and hedge funds.

About China Online Education Group

(Get a rating)

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

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