ProVise Management Group LLC Has $635,000 Position in New Oriental Education & Tech Grp (EDU)

ProVise Management Group LLC decreased its stake in New Oriental Education & Tech Grp (NYSE:EDU) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,753 shares of the company’s stock after selling 1,466 shares during the quarter. ProVise Management Group LLC’s holdings in New Oriental Education & Tech Grp were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC grew its position in shares of New Oriental Education & Tech Grp by 55.4% in the fourth quarter. Penserra Capital Management LLC now owns 30,594 shares of the company’s stock valued at $2,875,000 after purchasing an additional 10,911 shares during the period. Concourse Capital Management LLC grew its position in shares of New Oriental Education & Tech Grp by 5.1% in the fourth quarter. Concourse Capital Management LLC now owns 29,837 shares of the company’s stock valued at $2,805,000 after purchasing an additional 1,440 shares during the period. Daiwa Securities Group Inc. grew its position in shares of New Oriental Education & Tech Grp by 10.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 80,122 shares of the company’s stock valued at $7,531,000 after purchasing an additional 7,410 shares during the period. California Public Employees Retirement System grew its position in shares of New Oriental Education & Tech Grp by 22.2% in the fourth quarter. California Public Employees Retirement System now owns 308,109 shares of the company’s stock valued at $28,962,000 after purchasing an additional 55,921 shares during the period. Finally, American Century Companies Inc. grew its position in shares of New Oriental Education & Tech Grp by 17.4% in the fourth quarter. American Century Companies Inc. now owns 408,901 shares of the company’s stock valued at $38,437,000 after purchasing an additional 60,611 shares during the period. Institutional investors and hedge funds own 76.65% of the company’s stock.

New Oriental Education & Tech Grp (NYSE EDU) opened at $85.68 on Wednesday. New Oriental Education & Tech Grp has a 52 week low of $47.99 and a 52 week high of $108.40. The company has a market cap of $13,673.07, a PE ratio of 47.91, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its earnings results on Tuesday, January 23rd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). New Oriental Education & Tech Grp had a return on equity of 16.19% and a net margin of 13.92%. The firm had revenue of $467.20 million for the quarter, compared to analysts’ expectations of $456.93 million. During the same period last year, the firm earned $0.08 earnings per share. New Oriental Education & Tech Grp’s revenue for the quarter was up 36.9% on a year-over-year basis. analysts predict that New Oriental Education & Tech Grp will post 1.91 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of New Oriental Education & Tech Grp from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. lifted their target price on shares of New Oriental Education & Tech Grp from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Benchmark lifted their target price on shares of New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank assumed coverage on shares of New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They issued a “buy” rating and a $116.00 target price on the stock. Finally, CLSA upgraded shares of New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. New Oriental Education & Tech Grp currently has an average rating of “Buy” and an average target price of $98.95.

TRADEMARK VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/14/provise-management-group-llc-has-635000-position-in-new-oriental-education-tech-grp-edu.html.

New Oriental Education & Tech Grp Company 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 & Tech Grp (NYSE:EDU).

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

Receive News & Ratings for New Oriental Education & Tech Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Tech Grp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply