Today: China Distance Education Holdings Ltd. (DL) Given Consensus Rating of “Hold” by Brokerages

Today: China Distance Education Holdings Ltd. (DL) Given Consensus Rating of “Hold” by Brokerages

Shares of China Distance Education Holdings Ltd. (NYSE:DL) have received an average rating of “Hold” from the six analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.80.

A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Credit Suisse Group AG upgraded shares of China Distance Education Holdings from an “underperform” rating to a “neutral” rating in a report on Friday, September 2nd. Finally, Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 price objective on shares of China Distance Education Holdings in a report on Wednesday, August 24th.

China Distance Education Holdings (NYSE:DL) traded down 1.71% during midday trading on Monday, reaching $13.21. 5,608 shares of the company’s stock traded hands. China Distance Education Holdings has a 1-year low of $8.97 and a 1-year high of $15.83. The company has a market capitalization of $440.18 million, a PE ratio of 16.79 and a beta of 1.87. The firm’s 50 day moving average price is $13.29 and its 200-day moving average price is $11.79.

Large investors have recently made changes to their positions in the company. Bamco Inc. NY bought a new stake in shares of China Distance Education Holdings during the third quarter valued at approximately $1,163,000. Morgan Stanley increased its position in shares of China Distance Education Holdings by 94.9% in the third quarter. Morgan Stanley now owns 149,307 shares of the company’s stock valued at $1,929,000 after buying an additional 72,688 shares during the last quarter. Herald Investment Management Ltd increased its position in shares of China Distance Education Holdings by 46.3% in the second quarter. Herald Investment Management Ltd now owns 206,473 shares of the company’s stock valued at $2,132,000 after buying an additional 65,380 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in shares of China Distance Education Holdings during the second quarter valued at about $587,000. Finally, FIL Ltd increased its position in shares of China Distance Education Holdings by 3.5% in the second quarter. FIL Ltd now owns 1,257,400 shares of the company’s stock valued at $13,002,000 after buying an additional 42,100 shares during the last quarter. Hedge funds and other institutional investors own 18.92% of the company’s stock.

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