New Oriental Education & Tech Grp (EDU) Stake Decreased by Unigestion Holding SA

Unigestion Holding SA lowered its position in New Oriental Education & Tech Grp (NYSE:EDU) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,200 shares of the company’s stock after selling 4,500 shares during the quarter. Unigestion Holding SA owned about 0.05% of New Oriental Education & Tech Grp worth $5,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of New Oriental Education & Tech Grp in the second quarter valued at $16,812,000. US Bancorp DE raised its stake in shares of New Oriental Education & Tech Grp by 13.5% in the second quarter. US Bancorp DE now owns 9,781 shares of the company’s stock valued at $927,000 after acquiring an additional 1,160 shares during the period. Bridgewater Associates LP purchased a new stake in shares of New Oriental Education & Tech Grp in the second quarter valued at $1,283,000. Krane Funds Advisors LLC raised its stake in shares of New Oriental Education & Tech Grp by 243.7% in the second quarter. Krane Funds Advisors LLC now owns 16,937 shares of the company’s stock valued at $1,603,000 after acquiring an additional 12,009 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of New Oriental Education & Tech Grp by 7.6% in the second quarter. Schroder Investment Management Group now owns 6,383,548 shares of the company’s stock worth $599,288,000 after purchasing an additional 452,870 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.

NYSE EDU opened at $57.40 on Friday. The stock has a market capitalization of $8.72 billion, a PE ratio of 31.53, a P/E/G ratio of 0.95 and a beta of 1.38. New Oriental Education & Tech Grp has a 12 month low of $51.21 and a 12 month high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings results on Tuesday, October 23rd. The company reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The firm had revenue of $859.80 million for the quarter, compared to analysts’ expectations of $839.68 million. New Oriental Education & Tech Grp had a net margin of 9.86% and a return on equity of 15.47%. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share. On average, research analysts predict that New Oriental Education & Tech Grp will post 1.94 EPS for the current year.

New Oriental Education & Tech Grp declared that its board has approved a share buyback program on Tuesday, October 23rd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

A number of research firms have recently commented on EDU. ValuEngine cut shares of New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research cut shares of New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Nomura cut their price target on shares of New Oriental Education & Tech Grp from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Deutsche Bank cut shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and cut their price target for the stock from $105.00 to $55.00 in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of New Oriental Education & Tech Grp from $113.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $88.00.

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New Oriental Education & Tech Grp Company 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.

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

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