Strategic Vision Investment Ltd Lowers Stock Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Strategic Vision Investment Ltd decreased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,900 shares of the company’s stock after selling 18,956 shares during the period. New Oriental Education & Technology Group accounts for about 7.1% of Strategic Vision Investment Ltd’s holdings, making the stock its 3rd biggest position. Strategic Vision Investment Ltd owned about 0.06% of New Oriental Education & Technology Group worth $7,760,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in EDU. PNC Financial Services Group Inc. raised its position in shares of New Oriental Education & Technology Group by 9.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $141,000 after purchasing an additional 300 shares during the period. Ronald Blue Trust Inc. raised its position in shares of New Oriental Education & Technology Group by 16.1% in the third quarter. Ronald Blue Trust Inc. now owns 2,211 shares of the company’s stock valued at $129,000 after purchasing an additional 306 shares during the period. Northern Trust Corp raised its position in shares of New Oriental Education & Technology Group by 1.0% in the third quarter. Northern Trust Corp now owns 33,363 shares of the company’s stock valued at $1,953,000 after purchasing an additional 346 shares during the period. Seven Eight Capital LP raised its position in shares of New Oriental Education & Technology Group by 4.5% in the second quarter. Seven Eight Capital LP now owns 9,376 shares of the company’s stock valued at $370,000 after purchasing an additional 401 shares during the period. Finally, Profund Advisors LLC raised its position in shares of New Oriental Education & Technology Group by 2.6% in the third quarter. Profund Advisors LLC now owns 17,541 shares of the company’s stock valued at $1,027,000 after purchasing an additional 451 shares during the period.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock traded down $0.04 during midday trading on Wednesday, reaching $85.50. 2,114,072 shares of the stock were exchanged, compared to its average volume of 1,238,705. The company’s fifty day moving average is $89.78 and its 200-day moving average is $77.85. The firm has a market cap of $14.51 billion, a PE ratio of 46.98 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 52 week low of $35.70 and a 52 week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The firm had revenue of $869.60 million for the quarter, compared to the consensus estimate of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The business’s revenue was up 36.3% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, sell-side analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EDU shares. Morgan Stanley boosted their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.