Boston Partners Reduces Position in New Oriental Education & Technology Group, Inc. (EDU)

Boston Partners trimmed its position in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,654 shares of the company’s stock after selling 7,191 shares during the quarter. Boston Partners’ holdings in New Oriental Education & Technology Group were worth $4,118,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EDU. Ameriprise Financial Inc. grew its holdings in New Oriental Education & Technology Group by 633.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,377,489 shares of the company’s stock valued at $238,074,000 after buying an additional 2,917,183 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in New Oriental Education & Technology Group by 130.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,854,260 shares of the company’s stock valued at $342,177,000 after buying an additional 2,747,727 shares in the last quarter. Greenwoods Asset Management Ltd grew its holdings in New Oriental Education & Technology Group by 39.8% in the 2nd quarter. Greenwoods Asset Management Ltd now owns 2,845,660 shares of the company’s stock valued at $200,591,000 after buying an additional 809,660 shares in the last quarter. Ariose Capital Management Ltd purchased a new stake in New Oriental Education & Technology Group in the 3rd quarter valued at $46,098,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in New Oriental Education & Technology Group in the 2nd quarter valued at $31,583,000. Institutional investors own 75.97% of the company’s stock.

New Oriental Education & Technology Group, Inc. (NYSE EDU) opened at $89.29 on Friday. New Oriental Education & Technology Group, Inc. has a 12 month low of $37.16 and a 12 month high of $94.63. The company has a market capitalization of $13,920.00, a price-to-earnings ratio of 45.46, a PEG ratio of 1.30 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.04). New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The business had revenue of $661.20 million during the quarter, compared to analyst estimates of $643.90 million. During the same period last year, the company earned $0.90 EPS. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. research analysts predict that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current year.

Several analysts have issued reports on the company. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 target price for the company. in a report on Wednesday, October 4th. Benchmark Co. upped their target price on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 6th. BidaskClub cut New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Bank of America Corporation upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 target price for the company in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $89.76.

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About New Oriental Education & Technology Group

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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