Profund Advisors LLC acquired a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Rating ) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,627 shares of the company’s stock, valued at approximately $279,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eaton Vance Management lifted its position in shares of New Oriental Education & Technology Group by 306.7% during the first quarter. Eaton Vance Management now owns 22,543 shares of the company’s stock valued at $26,000 after buying an additional 17,000 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in New Oriental Education & Technology Group in the second quarter worth about $42,000. Royal Bank of Canada increased its stake in New Oriental Education & Technology Group by 13.6% in the first quarter. Royal Bank of Canada now owns 44,215 shares of the company’s stock valued at $51,000 after buying an additional 5,299 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of New Oriental Education & Technology Group during the third quarter valued at approximately $76,000. Finally, Vontobel Holding Ltd. grew its position in shares of New Oriental Education & Technology Group by 34.7% in the first quarter. Vontobel Holding Ltd. now owns 89,235 shares of the company’s stock valued at $103,000 after purchasing an additional 22,996 shares in the last quarter. Hedge funds and other institutional investors own 67.55% of the company’s shares.
Introducing New Oriental Education & Technology Group shares
EDU opened at $42.64 on Wednesday. New Oriental Education & Technology Group Inc. has a one year low of $8.40 and a one year high of $46.63. The stock has a market cap of $7.25 billion, a PE ratio of -94.75 and a beta of 0.51. The business’s 50-day moving average is $36.25 and its 200-day moving average is $29.16.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last posted its earnings results on Tuesday, January 17th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.12). The business had revenue of $638.20 million during the quarter, compared to analysts’ expectations of $614.16 million. New Oriental Education & Technology Group had a negative net margin of 9.72% and a negative return on equity of 6.32%. New Oriental Education & Technology Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, equities research analysts predict that New Oriental Education & Technology Group Inc. will post 0.68 earnings per share for the current fiscal year.
Analysts set new price targets
A number of brokerages have recently commented on EDU. StockNews.com initiated coverage on New Oriental Education & Technology Group in a research report on Wednesday, October 12th. They assign a “hold” rating to the stock. TheStreet lowered New Oriental Education & Technology Group from a “c-” rating to a “d” rating in a report on Monday, November 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. New Oriental Education & Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of $36.60, according to MarketBeat.
About New Oriental Education & Technology Group
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New Oriental Education & Technology Group, Inc is a holding company engaged in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses; Online education and other services; Study abroad consultancy services; and other.
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