Sensato Investors LLC lessened its position in shares of China Distance Education Holdings Ltd (NYSE:DL) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,763 shares of the technology company’s stock after selling 22,988 shares during the period. Sensato Investors LLC owned 1.03% of China Distance Education worth $3,150,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG purchased a new stake in China Distance Education during the 4th quarter worth about $109,000. State Street Corp lifted its holdings in China Distance Education by 29.6% during the 2nd quarter. State Street Corp now owns 38,439 shares of the technology company’s stock worth $343,000 after purchasing an additional 8,776 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in China Distance Education by 22.0% during the 3rd quarter. Wells Fargo & Company MN now owns 664,988 shares of the technology company’s stock worth $4,462,000 after purchasing an additional 120,000 shares in the last quarter. 18.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of China Distance Education Holdings Ltd (DL) opened at $8.17 on Wednesday. The stock has a market capitalization of $269.65, a PE ratio of 37.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 0.93. China Distance Education Holdings Ltd has a 1-year low of $6.61 and a 1-year high of $11.40.
China Distance Education (NYSE:DL) last issued its quarterly earnings data on Wednesday, March 7th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $35.88 million for the quarter. China Distance Education had a return on equity of 11.04% and a net margin of 4.80%. During the same period last year, the company posted $0.07 EPS.
Separately, ValuEngine raised China Distance Education from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
China Distance Education Company Profile
China Distance Education Holdings Limited is a holding company. The Company is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company’s segments include online education services, business start-up training services and the sale of learning simulation software.
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