Alliancebernstein L.P. Raises Position in China Distance Education Holdings Ltd (NYSE:DL)

Alliancebernstein L.P. raised its position in shares of China Distance Education Holdings Ltd (NYSE:DL) by 23.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,877 shares of the technology company’s stock after buying an additional 47,660 shares during the period. Alliancebernstein L.P. owned 0.77% of China Distance Education Holdings worth $2,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in shares of China Distance Education Holdings during the first quarter worth approximately $103,000. Advisors Preferred LLC bought a new position in shares of China Distance Education Holdings during the first quarter worth approximately $140,000. Acadian Asset Management LLC raised its position in shares of China Distance Education Holdings by 4.6% in the first quarter. Acadian Asset Management LLC now owns 45,639 shares of the technology company’s stock worth $465,000 after buying an additional 1,997 shares during the period. Van Berkom & Associates Inc. raised its position in shares of China Distance Education Holdings by 27.2% in the first quarter. Van Berkom & Associates Inc. now owns 99,762 shares of the technology company’s stock worth $1,018,000 after buying an additional 21,346 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of China Distance Education Holdings by 6.2% in the fourth quarter. Renaissance Technologies LLC now owns 387,624 shares of the technology company’s stock worth $4,334,000 after buying an additional 22,724 shares during the period. 19.71% of the stock is owned by hedge funds and other institutional investors.

China Distance Education Holdings Ltd (NYSE DL) traded up 0.42% during midday trading on Tuesday, hitting $7.25. 15,151 shares of the stock traded hands. The stock has a market cap of $238.98 million, a price-to-earnings ratio of 9.43 and a beta of 1.50. China Distance Education Holdings Ltd has a one year low of $6.78 and a one year high of $13.83. The company has a 50-day moving average price of $8.20 and a 200 day moving average price of $9.64.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings results on Wednesday, May 17th. The technology company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.12. China Distance Education Holdings had a negative net margin of 10.48% and a negative return on equity of 27.90%. The business had revenue of $21.86 million during the quarter. During the same period last year, the firm earned $0.09 earnings per share. Equities research analysts anticipate that China Distance Education Holdings Ltd will post $0.65 earnings per share for the current year.

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Several equities analysts recently issued reports on the stock. ValuEngine raised shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Credit Suisse Group lowered shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating in a report on Friday, May 19th.

China Distance Education Holdings 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.

Institutional Ownership by Quarter for China Distance Education Holdings (NYSE:DL)

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