China Online Education Group (NYSE:COE) receives new coverage from 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 brokerage has placed a “holding” rating on the stock.

Shares of NYSE:COE opened at $1.24 on Monday. The stock’s fifty-day simple moving average is $1.39 and its two-hundred-day simple moving average is $1.34. China Online Education Group has a 1-year minimum of $0.76 and a 1-year maximum of $13.88. The stock has a market capitalization of $27.58 million, a PE ratio of 1.72 and a beta of -0.50.

China Online Education Group (NYSE:COEGet a rating) last released its results on Thursday, March 24. The company reported EPS of $0.50 for the quarter. China Online Education Group recorded a negative return on equity of 12.96% and a net margin of 4.91%. The company posted revenue of $88.65 million for the quarter.

Large investors have recently increased or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in China Online Education Group 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. Morgan Stanley increased its stake in shares of China Online Education Group by 10,002.3% in the third quarter. Morgan Stanley now owns 93,749 shares of the company worth $245,000 after acquiring 92,821 additional shares in the last quarter. Renaissance Technologies LLC increased its equity stake in China Online Education Group by 21.9% during the third quarter. Renaissance Technologies LLC now owns 257,300 shares of the company valued at $672,000 after purchasing an additional 46,200 shares last quarter. Jane Street Group LLC bought a new stock position in China Online Education Group during the third quarter worth $114,000. Finally, Envestnet Asset Management Inc. increased its stake in China Online Education Group by 193.2% in the first quarter. Envestnet Asset Management Inc. now owns 55,979 shares of the company valued at $98,000 after acquiring an additional 36,885 shares during the period. Institutional investors hold 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 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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