DekaBank Deutsche Girozentrale lessened its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Rating) by 26.5% in the first quarter, HoldingsChannel reports. The firm owned 83,797 shares of the company’s stock after selling 30,232 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in New Oriental Education & Technology Group were worth $841,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Icapital Wealth LLC purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $35,000. DGS Capital Management LLC purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $46,000. JJJ Advisors Inc. grew its holdings in New Oriental Education & Technology Group by 56.1% in the 4th quarter. JJJ Advisors Inc. now owns 28,415 shares of the company’s stock valued at $60,000 after buying an additional 10,208 shares during the period. Quadrant Capital Group LLC grew its holdings in New Oriental Education & Technology Group by 123.0% in the 4th quarter. Quadrant Capital Group LLC now owns 30,606 shares of the company’s stock valued at $64,000 after buying an additional 16,884 shares during the period. Finally, Desjardins Global Asset Management Inc. purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $73,000.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Macquarie cut New Oriental Education & Technology Group from an “outperform” rating to a “neutral” rating in a report on Thursday, June 23rd. UBS Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Monday, June 6th. JPMorgan Chase & Co. raised New Oriental Education & Technology Group from a “neutral” rating to an “overweight” rating in a research note on Monday, June 13th. CICC Research raised New Oriental Education & Technology Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 14th. Finally, StockNews.com raised New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
New Oriental Education & Technology Group Stock Performance
New Oriental Education & Technology Group stock opened at $23.00 on Friday. The stock’s 50 day moving average price is $17.71 and its 200 day moving average price is $14.96. The firm has a market capitalization of $3.90 billion, a PE ratio of 11.39 and a beta of 0.37. New Oriental Education & Technology Group Inc. has a one year low of $8.40 and a one year high of $65.50.
New Oriental Education & Technology Group (NYSE:EDU – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.71 by ($1.44). The company had revenue of $614.09 million during the quarter, compared to analysts’ expectations of $642.75 million. On average, analysts forecast that New Oriental Education & Technology Group Inc. will post 1.79 earnings per share for the current fiscal year.
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. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.
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Source: defenseworld.net
