GMT Capital Corp decreased its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 34.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,800 shares of the company’s stock after selling 214,800 shares during the quarter. GMT Capital Corp owned 0.26% of New Oriental Education & Technology Group worth $30,060,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EDU. First Trust Advisors LP grew its position in New Oriental Education & Technology Group by 49.0% in the first quarter. First Trust Advisors LP now owns 35,692 shares of the company’s stock valued at $2,155,000 after acquiring an additional 11,735 shares in the last quarter. US Bancorp DE grew its position in New Oriental Education & Technology Group by 27.7% in the first quarter. US Bancorp DE now owns 9,563 shares of the company’s stock valued at $578,000 after acquiring an additional 2,076 shares in the last quarter. Bank of New York Mellon Corp grew its position in New Oriental Education & Technology Group by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 166,591 shares of the company’s stock valued at $10,059,000 after acquiring an additional 3,469 shares in the last quarter. Comerica Bank grew its position in New Oriental Education & Technology Group by 1.3% in the first quarter. Comerica Bank now owns 9,042 shares of the company’s stock valued at $588,000 after acquiring an additional 116 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in New Oriental Education & Technology Group by 235.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,106,533 shares of the company’s stock valued at $127,192,000 after acquiring an additional 1,478,100 shares in the last quarter. 76.38% of the stock is owned by institutional investors.

New Oriental Education & Technology Group, Inc. (EDU) traded up 1.84% during mid-day trading on Thursday, hitting $87.81. 479,111 shares of the stock were exchanged. The company has a 50-day moving average price of $82.52 and a 200-day moving average price of $71.61. The company has a market cap of $13.85 billion, a P/E ratio of 50.47 and a beta of 1.37. New Oriental Education & Technology Group, Inc. has a one year low of $37.16 and a one year high of $94.30.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). The business had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts predict that New Oriental Education & Technology Group, Inc. will post $2.38 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be given a $0.45 dividend. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date of this dividend is Friday, September 1st.

TRADEMARK VIOLATION NOTICE: “GMT Capital Corp Sells 214,800 Shares of New Oriental Education & Technology Group, Inc. (EDU)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/28/gmt-capital-corp-sells-214800-shares-of-new-oriental-education-technology-group-inc-edu.html.

Several analysts have issued reports on EDU shares. Benchmark Co. increased their price objective on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Morgan Stanley started coverage on shares of New Oriental Education & Technology Group in a research report on Friday, August 25th. They issued an “overweight” rating and a $100.00 price objective for the company. J P Morgan Chase & Co downgraded shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 price objective for the company. in a research report on Thursday, September 14th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $74.80 price objective on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. New Oriental Education & Technology Group currently has an average rating of “Buy” and a consensus price target of $84.73.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Want to see what other hedge funds are holding EDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Oriental Education & Technology Group, Inc. (NYSE:EDU).

Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

Receive News & Stock Ratings for New Oriental Education & Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group Inc. and related stocks with our FREE daily email newsletter.