Mondrian Capital Management LLC Purchased $758,000 in LAIX Inc. (LAIX) Shares

Mondrian Capital Management LLC Purchased $758,000 in LAIX Inc. (LAIX) Shares

Mondrian Capital Management LLC bought a new stake in LAIX Inc. (NASDAQ:LAIX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $758,000. Mondrian Capital Management LLC owned about 0.21% of LAIX at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LAIX. Dean Capital Investments Management LLC bought a new stake in LAIX in the third quarter valued at approximately $595,000. Monashee Investment Management LLC bought a new stake in LAIX in the third quarter valued at approximately $1,255,000. Finally, TB Alternative Assets Ltd. bought a new stake in LAIX in the fourth quarter valued at approximately $42,927,000.

Shares of NASDAQ:LAIX opened at $12.57 on Tuesday. LAIX Inc. has a twelve month low of $7.01 and a twelve month high of $16.50.

LAIX (NASDAQ:LAIX) last issued its earnings results on Tuesday, November 27th. The company reported ($1.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.83). The firm had revenue of $26.28 million during the quarter.

Several analysts recently commented on the company. Morgan Stanley assumed coverage on LAIX in a report on Monday, October 22nd. They issued an “equal weight” rating on the stock. Goldman Sachs Group assumed coverage on LAIX in a report on Monday, October 22nd. They issued a “buy” rating and a $19.00 target price on the stock.

About LAIX

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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