Zacks Investment Research cut shares of RYB Education (NYSE:RYB) from a hold rating to a sell rating in a report issued on Thursday morning.
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 downgraded RYB Education from an overweight rating to an equal weight rating in a research note on Monday, January 8th.
Several institutional investors have recently added to or reduced their stakes in RYB. Schroder Investment Management Group bought a new stake in shares of RYB Education during the 3rd quarter valued at about $10,688,000. Greenwoods Asset Management Ltd bought a new stake in shares of RYB Education during the 3rd quarter valued at about $5,757,000. Two Sigma Advisers LP bought a new stake in shares of RYB Education during the 4th quarter valued at about $1,386,000. Pinebridge Investments L.P. bought a new stake in shares of RYB Education during the 3rd quarter valued at about $1,151,000. Finally, Deutsche Bank AG grew its stake in shares of RYB Education by 138.1% during the 4th quarter. Deutsche Bank AG now owns 50,000 shares of the company’s stock valued at $844,000 after purchasing an additional 29,000 shares during the period. Institutional investors and hedge funds own 5.43% of the company’s stock.
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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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