US Bancorp DE lifted its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Rating) by 36.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,223 shares of the company’s stock after purchasing an additional 2,714 shares during the quarter. US Bancorp DE’s holdings in New Oriental Education & Technology Group were worth $245,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also recently modified their holdings of EDU. JPMorgan Chase & Co. grew its holdings in shares of New Oriental Education & Technology Group by 22.4% in the first quarter. JPMorgan Chase & Co. now owns 3,182,422 shares of the company’s stock valued at $3,659,000 after purchasing an additional 582,351 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in New Oriental Education & Technology Group by 10.1% during the first quarter. Bank of New York Mellon Corp now owns 1,739,685 shares of the company’s stock worth $2,000,000 after buying an additional 158,968 shares during the period. American Century Companies Inc. boosted its stake in New Oriental Education & Technology Group by 1.0% during the first quarter. American Century Companies Inc. now owns 483,904 shares of the company’s stock worth $556,000 after buying an additional 4,888 shares during the period. Acadian Asset Management LLC boosted its stake in New Oriental Education & Technology Group by 186.1% during the first quarter. Acadian Asset Management LLC now owns 193,107 shares of the company’s stock worth $221,000 after buying an additional 125,599 shares during the period. Finally, BlackRock Inc. boosted its stake in New Oriental Education & Technology Group by 2.4% during the first quarter. BlackRock Inc. now owns 64,329,110 shares of the company’s stock worth $73,977,000 after buying an additional 1,492,990 shares during the period. 67.55% of the stock is owned by hedge funds and other institutional investors.
New Oriental Education & Technology Group Trading Down 0.8 %
Shares of EDU opened at $44.41 on Thursday. The firm has a market capitalization of $7.55 billion, a P/E ratio of -98.69 and a beta of 0.52. New Oriental Education & Technology Group Inc. has a 12-month low of $8.40 and a 12-month high of $46.63. The firm has a fifty day moving average price of $34.96 and a 200-day moving average price of $28.51.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last issued its earnings results on Tuesday, January 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.12). The company had revenue of $638.20 million for 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%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Analysts predict that New Oriental Education & Technology Group Inc. will post 0.68 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of New Oriental Education & Technology Group in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet lowered shares of New Oriental Education & Technology Group from a “c-” rating to a “d” rating in a research note on Monday, November 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, New Oriental Education & Technology Group has an average rating of “Moderate Buy” and an average price target of $36.60.
New Oriental Education & Technology Group 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 Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others segments.
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