RYB Education (NYSE:RYB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
Separately, Morgan Stanley cut RYB Education from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 8th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RYB. Schroder Investment Management Group bought a new position in shares of RYB Education during the third quarter valued at approximately $10,688,000. Greenwoods Asset Management Ltd bought a new position in shares of RYB Education during the third quarter valued at approximately $5,757,000. Pinebridge Investments L.P. bought a new position in shares of RYB Education during the third quarter valued at approximately $1,151,000. Athos Capital Ltd bought a new position in shares of RYB Education during the third quarter valued at approximately $428,000. Finally, Deutsche Bank AG grew its stake in shares of RYB Education by 138.1% during the fourth quarter. Deutsche Bank AG now owns 50,000 shares of the company’s stock valued at $844,000 after buying an additional 29,000 shares during the last quarter. 5.43% of the stock is currently owned by hedge funds and other institutional investors.
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About RYB Education
RYB Education, Inc is engaged in providing early childhood education services in China. The Company develops various educational products and services, such as teaching aids, educational toys and at-home education products and services. The Company promotes and sells its self-developed and third party products and services through its franchisees and Hong Shan Enable Alliance participants for their further distribution and directly to number of families.The Company kindergarten offers preschool education to 2-6-year-old children.
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