Healthcare of Ontario Pension Plan Trust Fund Has $9.70 Million Holdings in Gaotu Techedu Inc. (NYSE:GOTU)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of Gaotu Techedu Inc. (NYSE:GOTU) by 16.3% during the second quarter, HoldingsChannel.com reports. The firm owned 1,979,800 shares of the company’s stock after selling 385,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Gaotu Techedu were worth $9,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of Gaotu Techedu during the 1st quarter worth approximately $63,000. SG Americas Securities LLC bought a new position in Gaotu Techedu in the 2nd quarter valued at approximately $75,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Gaotu Techedu in the 1st quarter valued at approximately $99,000. Virtu Financial LLC bought a new position in Gaotu Techedu in the 1st quarter valued at approximately $133,000. Finally, Marshall Wace LLP lifted its stake in Gaotu Techedu by 158.2% in the 2nd quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after purchasing an additional 47,522 shares during the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Tuesday, August 27th.

Gaotu Techedu Trading Up 3.2 %

Shares of NYSE:GOTU opened at $3.92 on Friday. Gaotu Techedu Inc. has a 12 month low of $2.22 and a 12 month high of $8.44. The stock has a market cap of $1.01 billion, a P/E ratio of -49.00 and a beta of -0.01. The company has a 50 day moving average of $3.69 and a 200 day moving average of $5.28.

Gaotu Techedu (NYSE:GOTU) last released its quarterly earnings results on Tuesday, August 27th. The company reported ($0.23) EPS for the quarter. Gaotu Techedu had a negative return on equity of 20.26% and a negative net margin of 17.63%. The company had revenue of $138.95 million during the quarter.

About Gaotu Techedu

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.