47,161 Shares in Gaotu Techedu Inc. (NYSE:GOTU) Bought by OLD Mission Capital LLC

OLD Mission Capital LLC bought a new position in Gaotu Techedu Inc. (NYSE:GOTUGet Rating) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 47,161 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also modified their holdings of the stock. Legacy Wealth Asset Management LLC purchased a new position in shares of Gaotu Techedu during the first quarter valued at $50,000. Envestnet Asset Management Inc. purchased a new position in shares of Gaotu Techedu during the first quarter valued at $51,000. Acadian Asset Management LLC purchased a new position in shares of Gaotu Techedu during the first quarter valued at $176,000. Virtu Financial LLC purchased a new position in shares of Gaotu Techedu during the first quarter valued at $184,000. Finally, GMT Capital Corp purchased a new position in shares of Gaotu Techedu during the first quarter valued at $306,000. 14.49% of the stock is currently owned by institutional investors and hedge funds.

Gaotu Techedu Trading Up 2.2 %

GOTU opened at $0.75 on Monday. The stock has a market cap of $191.67 million, a price-to-earnings ratio of -1.62 and a beta of -1.09. Gaotu Techedu Inc. has a 1 year low of $0.64 and a 1 year high of $3.37. The stock has a fifty day moving average price of $1.10 and a 200 day moving average price of $1.46.

Gaotu Techedu (NYSE:GOTUGet Rating) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $80.29 million for the quarter. Gaotu Techedu had a negative net margin of 20.48% and a negative return on equity of 26.27%.

About Gaotu Techedu

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Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.

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Institutional Ownership by Quarter for Gaotu Techedu (NYSE:GOTU)

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