Fiera Capital Corp grew its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 19.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,371 shares of the company's stock after buying an additional 8,499 shares during the quarter. Fiera Capital Corp's holdings in New Oriental Education & Technology Group were worth $3,896,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of EDU. Ridgewood Investments LLC acquired a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter valued at about $43,000. Ashton Thomas Private Wealth LLC acquired a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at $50,000. Blue Trust Inc. increased its holdings in New Oriental Education & Technology Group by 782.4% in the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company's stock worth $62,000 after acquiring an additional 712 shares in the last quarter. Hancock Whitney Corp purchased a new position in New Oriental Education & Technology Group during the second quarter valued at $212,000. Finally, QRG Capital Management Inc. grew its position in shares of New Oriental Education & Technology Group by 7.4% in the second quarter. QRG Capital Management Inc. now owns 3,666 shares of the company's stock valued at $285,000 after purchasing an additional 254 shares during the period.
Analyst Ratings Changes
EDU has been the topic of a number of research analyst reports. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research note on Thursday, October 17th. StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Citigroup dropped their price objective on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $99.67.
Check Out Our Latest Stock Report on New Oriental Education & Technology Group
New Oriental Education & Technology Group Trading Down 1.6 %
EDU stock traded down $1.00 during trading on Friday, reaching $60.30. 1,219,041 shares of the stock were exchanged, compared to its average volume of 1,666,551. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 25.77 and a beta of 0.49. The business has a 50 day moving average price of $66.13 and a 200-day moving average price of $72.23. New Oriental Education & Technology Group Inc. has a 1 year low of $56.18 and a 1 year high of $98.20.
New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm's revenue for the quarter was up 30.5% compared to the same quarter last year. On average, research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.
New Oriental Education & Technology Group Dividend Announcement
The business also recently announced a -- dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, September 9th.
New Oriental Education & Technology Group Company 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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