Sunlands Online Education Group (STG) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Sunlands Online Education Group (NYSE:STG) from a sell rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Sunlands Online Education Group provides education services. The Company offers online post-secondary and professional education services. It also offers a platform which enables students to access courses and educational contents. Sunlands Online Education Group is based in Beijing, China. “

Shares of NYSE STG opened at $4.27 on Tuesday. Sunlands Online Education Group has a 52 week low of $4.11 and a 52 week high of $14.08.

Sunlands Online Education Group (NYSE:STG) last issued its quarterly earnings data on Friday, August 24th. The company reported ($0.24) EPS for the quarter. The company had revenue of $72.81 million for the quarter. As a group, equities analysts expect that Sunlands Online Education Group will post -0.66 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Sunlands Online Education Group in the 2nd quarter valued at about $124,000. Blueport Capital L.P. acquired a new stake in Sunlands Online Education Group in the 2nd quarter valued at about $130,000. Castleark Management LLC grew its stake in Sunlands Online Education Group by 55.5% in the 2nd quarter. Castleark Management LLC now owns 77,534 shares of the company’s stock valued at $691,000 after acquiring an additional 27,678 shares during the last quarter. Bank of America Corp DE acquired a new stake in Sunlands Online Education Group in the 2nd quarter valued at about $713,000. Finally, Millennium Management LLC acquired a new stake in Sunlands Online Education Group in the 1st quarter valued at about $2,117,000. 29.39% of the stock is currently owned by hedge funds and other institutional investors.

Sunlands Online Education Group Company Profile

Sunlands Online Education Group, through its subsidiaries, provides online education services in the People's Republic of China. The company offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of master of business administration programs.

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