Healthcare of Ontario Pension Plan Trust Fund Has $138.27 Million Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,823,200 shares of the company's stock after purchasing an additional 342,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.07% of New Oriental Education & Technology Group worth $138,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC boosted its stake in shares of New Oriental Education & Technology Group by 5.7% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 4,192 shares of the company's stock valued at $326,000 after purchasing an additional 227 shares during the last quarter. Profund Advisors LLC boosted its stake in New Oriental Education & Technology Group by 1.4% in the second quarter. Profund Advisors LLC now owns 17,293 shares of the company's stock valued at $1,344,000 after acquiring an additional 231 shares during the last quarter. QRG Capital Management Inc. grew its holdings in New Oriental Education & Technology Group by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 3,666 shares of the company's stock worth $285,000 after acquiring an additional 254 shares during the period. Ridgewood Investments LLC acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at $43,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of New Oriental Education & Technology Group in the 2nd quarter worth $50,000.

New Oriental Education & Technology Group Stock Performance

NYSE:EDU traded up $0.94 on Wednesday, reaching $59.52. The company's stock had a trading volume of 756,474 shares, compared to its average volume of 1,851,994. New Oriental Education & Technology Group Inc. has a 1-year low of $54.00 and a 1-year high of $98.20. The business's 50-day moving average price is $65.30 and its two-hundred day moving average price is $70.10. The firm has a market cap of $10.10 billion, a PE ratio of 25.24 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the business earned $0.99 EPS. New Oriental Education & Technology Group's revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, sell-side analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com upgraded New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Citigroup cut their price target 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. Finally, Morgan Stanley set a $83.00 price objective on shares of New Oriental Education & Technology Group in a report on Thursday, October 17th.

New Oriental Education & Technology Group Company Profile

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.