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

Stock market analysts at StockNews.com initiated a hedge on the shares of China Online Education Group (NYSE:COE – Get a rating) in a report released Friday. The company has placed a “holding” rating on the stock.

Shares of Center of Excellence opened at $1.25 on Friday. The company has a 50-day simple moving average of $1.24 and a two-hundred-day simple moving average of $1.29. China Online Education Group has a 12-month low of $0.76 and a 12-month high of $7.89. The stock has a market capitalization of $27.80 million, a PE ratio of -4.46 and a beta of -0.65.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Redpoint Investment Management Pty Ltd bought a new stake in shares of China Online Education Group in Q1, valued at approximately $213,000. Mercer Global Advisors Inc. ADV increased its position in China Online Education Group shares by 219.3% in Q1. Mercer Global Advisors Inc. ADV now owns 53,080 shares of the company valued at $93,000 after purchasing an additional 36,455 shares in the last quarter. Envestnet Asset Management Inc. increased its position in China Online Education Group shares by 193.2% in Q1. Envestnet Asset Management Inc. now owns 55,979 shares of the company valued at $98,000 after purchasing an additional 36,885 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in China Online Education Group shares by 121.5% in the fourth quarter. Acadian Asset Management LLC now owns 361,157 shares of the company valued at $436,000 after purchasing an additional 198,123 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s shares.

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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