Xact Kapitalforvaltning AB Buys 2,900 Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU)

Xact Kapitalforvaltning AB increased its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 12.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,100 shares of the company’s stock after buying an additional 2,900 shares during the period. Xact Kapitalforvaltning AB’s holdings in New Oriental Education & Technology Group were worth $1,840,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of New Oriental Education & Technology Group by 64.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock worth $140,000 after buying an additional 905 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of New Oriental Education & Technology Group during the first quarter worth $147,000. Raymond James Financial Services Advisors Inc. purchased a new position in New Oriental Education & Technology Group during the first quarter worth about $205,000. Timber Hill LLC purchased a new position in New Oriental Education & Technology Group during the first quarter worth about $220,000. Finally, GSA Capital Partners LLP raised its position in New Oriental Education & Technology Group by 4.8% in the fourth quarter. GSA Capital Partners LLP now owns 8,113 shares of the company’s stock worth $342,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) traded down 1.26% during trading on Tuesday, reaching $80.08. The company had a trading volume of 814,602 shares. New Oriental Education & Technology Group, Inc. has a 52-week low of $37.16 and a 52-week high of $83.91. The company has a 50 day moving average of $76.31 and a 200-day moving average of $63.71. The firm has a market capitalization of $12.63 billion, a P/E ratio of 46.02 and a beta of 1.40.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The company had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities analysts expect that New Oriental Education & Technology Group, Inc. will post $2.37 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be issued a $0.45 dividend. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date of this dividend is Friday, September 1st.

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EDU has been the topic of a number of research analyst reports. Benchmark Co. initiated coverage on New Oriental Education & Technology Group in a report on Tuesday, April 18th. They set a “buy” rating and a $75.00 target price on the stock. Goldman Sachs Group, Inc. (The) raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.80 target price on shares of New Oriental Education & Technology Group in a report on Tuesday, April 25th. Finally, BidaskClub lowered New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. New Oriental Education & Technology Group presently has a consensus rating of “Buy” and an average target price of $76.36.

New Oriental Education & Technology Group 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.

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

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