Cubist Systematic Strategies LLC Purchases 9,576 Shares of New Oriental Education & Tech Grp (EDU)

Cubist Systematic Strategies LLC raised its position in New Oriental Education & Tech Grp (NYSE:EDU) by 109.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,297 shares of the company’s stock after buying an additional 9,576 shares during the period. Cubist Systematic Strategies LLC’s holdings in New Oriental Education & Tech Grp were worth $1,604,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dupont Capital Management Corp bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $201,000. Eaton Vance Management bought a new position in New Oriental Education & Tech Grp in the 4th quarter valued at $223,000. Natixis bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $222,000. Flow Traders U.S. LLC bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $231,000. Finally, Oppenheimer Asset Management Inc. bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $240,000. Hedge funds and other institutional investors own 85.93% of the company’s stock.

A number of research analysts have recently weighed in on EDU shares. CLSA downgraded New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Thursday, May 24th. ValuEngine raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. JPMorgan Chase & Co. increased their price target on New Oriental Education & Tech Grp from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Tuesday, May 29th. Finally, Zacks Investment Research raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $103.51.

New Oriental Education & Tech Grp opened at $103.81 on Monday, Marketbeat.com reports. The firm has a market capitalization of $14.80 billion, a PE ratio of 59.66, a P/E/G ratio of 1.31 and a beta of 1.30. New Oriental Education & Tech Grp has a twelve month low of $69.91 and a twelve month high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings results on Tuesday, April 24th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $618.10 million for the quarter, compared to the consensus estimate of $601.84 million. New Oriental Education & Tech Grp had a return on equity of 15.23% and a net margin of 12.83%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. sell-side analysts forecast that New Oriental Education & Tech Grp will post 1.82 earnings per share for the current year.

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. The company operates through 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 segments.

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

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