OneSmart International Edun Gr (ONE) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of OneSmart International Edun Gr (NYSE:ONE) from a hold rating to a sell rating in a report published on Friday.

According to Zacks, “OneSmart International Education Group Limited offers education services. The School provides K-12 after-school education services. It also offers one to one education, examination question analysis, mistakes settlement, tutoring, culture programs and other services. OneSmart International Education Group Limited is based in China. “

A number of other brokerages have also weighed in on ONE. Morgan Stanley lowered shares of OneSmart International Edun Gr from an overweight rating to an equal weight rating in a report on Friday, June 29th. Deutsche Bank lowered shares of OneSmart International Edun Gr from a buy rating to a hold rating and lifted their price objective for the company from $12.60 to $15.60 in a report on Tuesday, July 24th.

ONE stock opened at $8.58 on Friday. OneSmart International Edun Gr has a 12 month low of $7.53 and a 12 month high of $16.00.

OneSmart International Edun Gr (NYSE:ONE) last announced its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The company had revenue of $128.63 million for the quarter. As a group, analysts expect that OneSmart International Edun Gr will post 0.35 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd bought a new stake in OneSmart International Edun Gr during the 1st quarter valued at about $109,000. Sensato Investors LLC bought a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $129,000. Russell Investments Group Ltd. bought a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $129,000. Hikari Power Ltd bought a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $266,000. Finally, Engineers Gate Manager LP bought a new stake in OneSmart International Edun Gr during the 2nd quarter valued at about $378,000. Institutional investors own 20.04% of the company’s stock.

OneSmart International Edun Gr Company Profile

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools in the People's Republic of China. It offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

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