Healthcare of Ontario Pension Plan Trust Fund Sells 393,200 Shares of Gaotu Techedu Inc. (NYSE:GOTU)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Gaotu Techedu Inc. (NYSE:GOTU - Free Report) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,586,600 shares of the company's stock after selling 393,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.61% of Gaotu Techedu worth $6,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BRIGHT VALLEY CAPITAL Ltd purchased a new position in Gaotu Techedu during the second quarter valued at $2,450,000. GSA Capital Partners LLP lifted its position in Gaotu Techedu by 249.7% during the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company's stock valued at $356,000 after buying an additional 64,896 shares during the period. Millennium Management LLC grew its stake in shares of Gaotu Techedu by 1,233.8% in the second quarter. Millennium Management LLC now owns 579,011 shares of the company's stock worth $2,837,000 after acquiring an additional 535,601 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Gaotu Techedu by 158.2% during the second quarter. Marshall Wace LLP now owns 77,562 shares of the company's stock valued at $380,000 after acquiring an additional 47,522 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in Gaotu Techedu in the 2nd quarter worth about $2,135,000. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Gaotu Techedu Stock Performance

Shares of NYSE:GOTU traded down $0.06 during trading on Friday, reaching $2.81. 1,479,086 shares of the stock traded hands, compared to its average volume of 3,352,502. The stock has a 50-day moving average of $3.15 and a two-hundred day moving average of $4.25. Gaotu Techedu Inc. has a 52-week low of $2.30 and a 52-week high of $8.44. The stock has a market cap of $729.39 million, a P/E ratio of -8.22 and a beta of 0.02.

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

Gaotu Techedu Profile

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.