Ladenburg Thalmann Financial Services Inc. Increases Stake in New Oriental Education & Tech Grp (NYSE:EDU)

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Ladenburg Thalmann Financial Services Inc. boosted its position in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,063 shares of the company’s stock after purchasing an additional 596 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in New Oriental Education & Tech Grp were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of New Oriental Education & Tech Grp by 23.0% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 417,864 shares of the company’s stock valued at $40,358,000 after acquiring an additional 78,183 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of New Oriental Education & Tech Grp by 5.9% during the 2nd quarter. California Public Employees Retirement System now owns 177,632 shares of the company’s stock valued at $17,156,000 after acquiring an additional 9,867 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of New Oriental Education & Tech Grp during the 2nd quarter valued at about $719,000. Pictet Asset Management Ltd. boosted its holdings in shares of New Oriental Education & Tech Grp by 122.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 498,262 shares of the company’s stock valued at $48,122,000 after acquiring an additional 274,575 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new stake in shares of New Oriental Education & Tech Grp during the 2nd quarter valued at about $29,000. 86.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Citigroup reaffirmed a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of New Oriental Education & Tech Grp in a report on Thursday. Morgan Stanley raised their price target on shares of New Oriental Education & Tech Grp from $95.00 to $106.00 and gave the company a “positive” rating in a report on Friday, June 14th. Finally, ValuEngine cut shares of New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $94.40.

Shares of NYSE:EDU opened at $112.72 on Friday. The firm’s 50 day moving average price is $110.56 and its 200-day moving average price is $97.53. New Oriental Education & Tech Grp has a twelve month low of $50.30 and a twelve month high of $115.93. The company has a quick ratio of 1.71, a current ratio of 1.73 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $15.81 billion, a PE ratio of 62.99, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $842.90 million during the quarter, compared to the consensus estimate of $833.78 million. During the same quarter last year, the company earned $0.55 EPS. New Oriental Education & Tech Grp’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts expect that New Oriental Education & Tech Grp will post 2.97 earnings per share for the current fiscal year.

About New Oriental Education & Tech Grp

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.

See Also: What are the Different Types of Leveraged Buyouts?

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

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