Todd Asset Management LLC Has $19.31 Million Stake in New Oriental Education & Technology Group, Inc. (EDU)

Todd Asset Management LLC cut its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,753 shares of the company’s stock after selling 64,469 shares during the quarter. Todd Asset Management LLC owned about 0.14% of New Oriental Education & Technology Group worth $19,307,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of New Oriental Education & Technology Group by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after acquiring an additional 35 shares in the last quarter. Nippon Life Insurance Co. bought a new position in shares of New Oriental Education & Technology Group during the second quarter valued at $111,000. Advisor Group Inc. increased its holdings in shares of New Oriental Education & Technology Group by 182.5% during the second quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after acquiring an additional 1,126 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of New Oriental Education & Technology Group during the second quarter valued at $207,000. Finally, Eqis Capital Management Inc. bought a new position in shares of New Oriental Education & Technology Group during the third quarter valued at $261,000. Hedge funds and other institutional investors own 75.97% of the company’s stock.

New Oriental Education & Technology Group, Inc. (NYSE EDU) traded down $0.95 during trading on Tuesday, hitting $84.58. The company’s stock had a trading volume of 1,112,900 shares, compared to its average volume of 1,350,573. The company has a market cap of $13,487.00, a P/E ratio of 46.23, a P/E/G ratio of 1.33 and a beta of 1.31. New Oriental Education & Technology Group, Inc. has a 1-year low of $37.16 and a 1-year high of $94.63.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.04). The firm had revenue of $661.20 million for the quarter, compared to the consensus estimate of $643.90 million. New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. sell-side analysts expect that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current fiscal year.

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Several research firms recently commented on EDU. Vetr downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective for the company. in a report on Wednesday, October 4th. Benchmark Co. lifted their price objective on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Morgan Stanley began coverage on New Oriental Education & Technology Group in a report on Friday, August 25th. They issued an “overweight” rating and a $100.00 price objective for the company. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, September 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $109.00 price objective on shares of New Oriental Education & Technology Group in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.76.

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.

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

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