Amiral Gestion Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Amiral Gestion purchased a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,000 shares of the company's stock, valued at approximately $1,027,000. New Oriental Education & Technology Group makes up approximately 0.6% of Amiral Gestion's portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of EDU. Aspex Management HK Ltd grew its position in New Oriental Education & Technology Group by 56.8% during the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after purchasing an additional 2,701,566 shares during the last quarter. FMR LLC lifted its stake in shares of New Oriental Education & Technology Group by 46.3% in the fourth quarter. FMR LLC now owns 4,539,678 shares of the company's stock worth $291,357,000 after buying an additional 1,437,656 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of New Oriental Education & Technology Group by 61.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock worth $249,952,000 after buying an additional 1,480,391 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of New Oriental Education & Technology Group by 17.2% during the fourth quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company's stock valued at $193,815,000 after buying an additional 442,656 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of New Oriental Education & Technology Group by 175.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock valued at $146,123,000 after acquiring an additional 1,449,979 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, April 21st. China Renaissance cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Wall Street Zen raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.80.

New Oriental Education & Technology Group Trading Up 1.2%

EDU stock traded up $0.57 on Tuesday, hitting $47.02. The company had a trading volume of 1,361,619 shares, compared to its average volume of 1,776,521. New Oriental Education & Technology Group Inc. has a 12-month low of $40.66 and a 12-month high of $87.26. The stock's 50-day simple moving average is $46.67 and its 200 day simple moving average is $52.54. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 20.01 and a beta of 0.25.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.06). The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. New Oriental Education & Technology Group's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Research analysts forecast that New Oriental Education & Technology Group Inc. will post 2.75 earnings per share for the current year.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.