Aperio Group LLC Lowers Stake in New Oriental Education & Tech Grp (EDU)

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Aperio Group LLC cut its position in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,774 shares of the company’s stock after selling 14,654 shares during the period. Aperio Group LLC’s holdings in New Oriental Education & Tech Grp were worth $5,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of New Oriental Education & Tech Grp by 754.5% during the second quarter. Advisors Asset Management Inc. now owns 4,999 shares of the company’s stock valued at $123,000 after purchasing an additional 4,414 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of New Oriental Education & Tech Grp during the second quarter valued at approximately $187,000. Wedbush Securities Inc. bought a new stake in shares of New Oriental Education & Tech Grp during the second quarter valued at approximately $218,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of New Oriental Education & Tech Grp by 50.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,797 shares of the company’s stock valued at $245,000 after purchasing an additional 937 shares during the period. Finally, HMS Capital Management LLC bought a new stake in shares of New Oriental Education & Tech Grp during the second quarter valued at approximately $251,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Shares of EDU stock opened at $58.51 on Thursday. The firm has a market capitalization of $8.11 billion, a P/E ratio of 31.43, a P/E/G ratio of 0.87 and a beta of 1.15. New Oriental Education & Tech Grp has a one year low of $51.21 and a one year high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $859.80 million for the quarter, compared to analyst estimates of $839.68 million. New Oriental Education & Tech Grp had a return on equity of 15.47% and a net margin of 9.86%. New Oriental Education & Tech Grp’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 EPS. Equities analysts forecast that New Oriental Education & Tech Grp will post 1.94 earnings per share for the current year.

New Oriental Education & Tech Grp announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 23rd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

EDU has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on New Oriental Education & Tech Grp from $113.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. ValuEngine lowered New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Zacks Investment Research lowered New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Morgan Stanley lowered New Oriental Education & Tech Grp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 2nd. Finally, Nomura decreased their price target on New Oriental Education & Tech Grp from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $100.20.

New Oriental Education & Tech Grp Company Profile

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.

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

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