Broad Peak Investment Advisers Pte Ltd increased its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 88.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 421,941 shares of the company's stock after buying an additional 198,291 shares during the quarter. New Oriental Education & Technology Group accounts for approximately 9.8% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 4th largest position. Broad Peak Investment Advisers Pte Ltd owned approximately 0.25% of New Oriental Education & Technology Group worth $32,000,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in EDU. SG Americas Securities LLC purchased a new stake in New Oriental Education & Technology Group in the 1st quarter valued at about $952,000. Sei Investments Co. grew its position in shares of New Oriental Education & Technology Group by 25.8% during the 1st quarter. Sei Investments Co. now owns 178,680 shares of the company's stock valued at $15,513,000 after purchasing an additional 36,680 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of New Oriental Education & Technology Group by 23.3% during the 1st quarter. Russell Investments Group Ltd. now owns 267,516 shares of the company's stock worth $23,226,000 after acquiring an additional 50,635 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in New Oriental Education & Technology Group by 16.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,912 shares of the company's stock worth $2,423,000 after buying an additional 3,944 shares in the last quarter. Finally, Seven Eight Capital LP grew its stake in shares of New Oriental Education & Technology Group by 105.2% during the first quarter. Seven Eight Capital LP now owns 53,906 shares of the company's stock valued at $4,680,000 after buying an additional 27,633 shares during the last quarter.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on EDU. StockNews.com raised New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Morgan Stanley set a $83.00 price objective on New Oriental Education & Technology Group in a research report on Thursday, October 17th. Finally, Citigroup reduced their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group currently has an average rating of "Moderate Buy" and an average target price of $99.67.
Get Our Latest Stock Analysis on EDU
New Oriental Education & Technology Group Price Performance
Shares of NYSE:EDU traded down $0.35 during mid-day trading on Thursday, reaching $55.05. 2,670,775 shares of the company traded hands, compared to its average volume of 1,875,480. The company's 50 day moving average price is $65.96 and its 200-day moving average price is $71.76. The firm has a market cap of $9.34 billion, a PE ratio of 23.67 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 52 week low of $54.00 and a 52 week high of $98.20.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.27. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. On average, research analysts predict that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current fiscal year.
New Oriental Education & Technology Group Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a $0.58 dividend. The ex-dividend date was Monday, September 9th.
New Oriental Education & Technology Group Profile
(
Free Report)
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
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