Public Employees Retirement System of Ohio Takes $27.43 Million Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Public Employees Retirement System of Ohio bought a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 361,618 shares of the company's stock, valued at approximately $27,425,000. Public Employees Retirement System of Ohio owned about 0.21% of New Oriental Education & Technology Group at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Farallon Capital Management LLC lifted its holdings in New Oriental Education & Technology Group by 139.0% during the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company's stock worth $114,231,000 after buying an additional 854,590 shares during the period. Fiera Capital Corp grew its stake in shares of New Oriental Education & Technology Group by 19.8% in the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company's stock valued at $3,896,000 after buying an additional 8,499 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of New Oriental Education & Technology Group by 3.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company's stock worth $44,940,000 after purchasing an additional 19,401 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in New Oriental Education & Technology Group by 12.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company's stock worth $7,573,000 after buying an additional 11,423 shares during the last quarter. Finally, Monolith Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group in the 3rd quarter worth about $15,168,000.

New Oriental Education & Technology Group Trading Down 7.7 %

Shares of EDU traded down $5.27 on Tuesday, reaching $62.96. 2,032,663 shares of the company's stock traded hands, compared to its average volume of 1,865,109. The stock's 50 day simple moving average is $64.33 and its two-hundred day simple moving average is $68.65. The stock has a market cap of $10.68 billion, a PE ratio of 26.91 and a beta of 0.46. 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 earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.27. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The business's revenue was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. Analysts forecast that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EDU. StockNews.com upgraded New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Morgan Stanley set a $83.00 target price 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.