New Oriental Education & Tech Grp (NYSE:EDU) Position Increased by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 25.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 881,281 shares of the company’s stock after purchasing an additional 177,588 shares during the period. Legal & General Group Plc owned 0.62% of New Oriental Education & Tech Grp worth $48,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA acquired a new stake in New Oriental Education & Tech Grp during the 3rd quarter worth approximately $81,000. Quadrant Capital Group LLC raised its holdings in New Oriental Education & Tech Grp by 1,292.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,351 shares of the company’s stock valued at $73,000 after acquiring an additional 1,254 shares in the last quarter. Quantamental Technologies LLC acquired a new position in New Oriental Education & Tech Grp in the 4th quarter valued at $123,000. American International Group Inc. acquired a new position in New Oriental Education & Tech Grp in the 3rd quarter valued at $170,000. Finally, Advisors Asset Management Inc. raised its holdings in New Oriental Education & Tech Grp by 32.9% in the 4th quarter. Advisors Asset Management Inc. now owns 2,623 shares of the company’s stock valued at $144,000 after acquiring an additional 650 shares in the last quarter. 84.45% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on EDU. Nomura lifted their price objective on New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, April 12th. Citigroup boosted their price target on New Oriental Education & Tech Grp from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Zacks Investment Research lowered New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 15th. Deutsche Bank upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, ValuEngine lowered New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.42.

EDU stock traded up $0.26 during trading on Friday, reaching $89.99. 1,273,445 shares of the stock were exchanged, compared to its average volume of 1,505,822. New Oriental Education & Tech Grp has a twelve month low of $50.30 and a twelve month high of $108.24. The company has a market cap of $12.83 billion, a P/E ratio of 48.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.61.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings data on Tuesday, January 22nd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.03 by $0.11. The firm had revenue of $597.07 million during the quarter, compared to the consensus estimate of $578.50 million. New Oriental Education & Tech Grp had a return on equity of 13.78% and a net margin of 8.32%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Equities analysts predict that New Oriental Education & Tech Grp will post 1.68 EPS for the current year.

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New Oriental Education & Tech Grp 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 Language Training and Test Preparation Courses, 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 achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

Further Reading: The Role of a Fiduciary and Individual Investors

Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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