Pendal Group Ltd boosted its stake in New Oriental Education & Tech Grp (NYSE:EDU) by 69.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,092 shares of the company’s stock after acquiring an additional 35,974 shares during the quarter. Pendal Group Ltd owned 0.06% of New Oriental Education & Tech Grp worth $8,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of New Oriental Education & Tech Grp by 19.5% in the 2nd quarter. Huntington National Bank now owns 570 shares of the company’s stock valued at $55,000 after purchasing an additional 93 shares during the period. Wetherby Asset Management Inc. grew its stake in New Oriental Education & Tech Grp by 4.7% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,059 shares of the company’s stock valued at $392,000 after buying an additional 183 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in New Oriental Education & Tech Grp by 145.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 312 shares of the company’s stock valued at $28,000 after buying an additional 185 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in New Oriental Education & Tech Grp by 96.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock valued at $41,000 after buying an additional 223 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in New Oriental Education & Tech Grp by 11.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,925 shares of the company’s stock valued at $264,000 after buying an additional 302 shares during the last quarter. 86.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Oriental Education & Tech Grp stock traded up $3.47 on Tuesday, reaching $105.89. 84,141 shares of the stock were exchanged, compared to its average volume of 1,359,368. The firm’s 50 day simple moving average is $99.03. New Oriental Education & Tech Grp has a one year low of $50.30 and a one year high of $109.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.71 and a current ratio of 1.73. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 70.61, a PEG ratio of 1.05 and a beta of 1.53.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.39). New Oriental Education & Tech Grp had a return on equity of 12.97% and a net margin of 7.69%. The firm had revenue of $842.90 million for the quarter, compared to the consensus estimate of $833.78 million. During the same period last year, the company posted $0.55 EPS. The business’s revenue was up 20.2% on a year-over-year basis. As a group, research analysts predict that New Oriental Education & Tech Grp will post 3.02 earnings per share for the current fiscal year.

A number of research analysts recently commented on EDU shares. Benchmark reiterated a “buy” rating and issued a $105.00 price target (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a research note on Wednesday, April 24th. ValuEngine lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet upgraded shares of New Oriental Education & Tech Grp from a “c+” rating to a “b” rating in a research report on Thursday, April 25th. CICC Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.97 target price on the stock in a research report on Wednesday, April 24th. Finally, Zacks Investment Research lowered shares of New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $92.73.

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.

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

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