522,300 Shares in New Oriental Education & Technology Group, Inc. (NYSE:EDU) Purchased by Ariose Capital Management Ltd

Ariose Capital Management Ltd bought a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 522,300 shares of the company’s stock, valued at approximately $46,098,000. New Oriental Education & Technology Group makes up 12.4% of Ariose Capital Management Ltd’s portfolio, making the stock its 4th largest position. Ariose Capital Management Ltd owned approximately 0.33% of New Oriental Education & Technology Group as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EDU. PNC Financial Services Group Inc. grew its holdings in shares of New Oriental Education & Technology Group by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after acquiring an additional 35 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its position in shares of New Oriental Education & Technology Group by 0.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 8,415 shares of the company’s stock worth $594,000 after buying an additional 50 shares during the period. Financial Counselors Inc. boosted its position in shares of New Oriental Education & Technology Group by 1.0% in the second quarter. Financial Counselors Inc. now owns 7,417 shares of the company’s stock worth $523,000 after buying an additional 76 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of New Oriental Education & Technology Group by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,574 shares of the company’s stock worth $2,509,000 after buying an additional 95 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of New Oriental Education & Technology Group by 5.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,585 shares of the company’s stock worth $253,000 after buying an additional 182 shares during the period. 75.64% of the stock is currently owned by hedge funds and other institutional investors.

New Oriental Education & Technology Group, Inc. (NYSE EDU) opened at $90.39 on Wednesday. New Oriental Education & Technology Group, Inc. has a 1-year low of $37.16 and a 1-year high of $94.63. The stock has a market capitalization of $14,120.00, a price-to-earnings ratio of 48.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.04). The firm had revenue of $661.20 million for the quarter, compared to analyst estimates of $643.90 million. New Oriental Education & Technology Group had a return on equity of 17.32% and a net margin of 15.15%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. equities research analysts predict that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current year.

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EDU has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $109.00 price target on shares of New Oriental Education & Technology Group in a research report on Thursday, October 26th. Vetr lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective on the stock. in a research note on Tuesday, October 10th. Bank of America Corporation upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Monday, September 25th. CLSA lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. New Oriental Education & Technology Group presently has a consensus rating of “Buy” and an average price target of $89.76.

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.

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

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