Zacks Investment Research downgraded shares of Sunlands Online Education Group (NYSE:STG) from a hold rating to a sell rating in a research report released on Wednesday.

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 $4.69 on Wednesday. Sunlands Online Education Group has a one year low of $4.18 and a one year 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. On average, equities research analysts forecast that Sunlands Online Education Group will post -0.66 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of STG. NINE MASTS CAPITAL Ltd bought a new position in Sunlands Online Education Group in the 2nd quarter valued at approximately $11,811,000. BlackRock Inc. bought a new position in Sunlands Online Education Group in the 1st quarter valued at approximately $9,130,000. Millennium Management LLC bought a new position in Sunlands Online Education Group in the 1st quarter valued at approximately $2,117,000. Bank of America Corp DE bought a new position in Sunlands Online Education Group in the 2nd quarter valued at approximately $713,000. Finally, Castleark Management LLC lifted 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 purchasing an additional 27,678 shares during the last quarter. 29.39% of the stock is owned by institutional investors and hedge funds.

About Sunlands Online Education Group

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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