Janus Henderson Group PLC Has $4.10 Million Stock Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Janus Henderson Group PLC raised its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 107.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 63,979 shares of the company's stock after acquiring an additional 33,084 shares during the quarter. Janus Henderson Group PLC's holdings in New Oriental Education & Technology Group were worth $4,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ariose Capital Management Ltd acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $5,955,000. SG Americas Securities LLC acquired a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $272,000. Blue Trust Inc. grew its holdings in New Oriental Education & Technology Group by 37.8% in the fourth quarter. Blue Trust Inc. now owns 2,827 shares of the company's stock worth $181,000 after purchasing an additional 775 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in New Oriental Education & Technology Group by 5.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,284 shares of the company's stock worth $2,003,000 after purchasing an additional 1,496 shares during the period. Finally, Empowered Funds LLC acquired a new stake in New Oriental Education & Technology Group in the fourth quarter worth $138,000.

New Oriental Education & Technology Group Trading Down 0.7%

New Oriental Education & Technology Group stock opened at $48.26 on Tuesday. New Oriental Education & Technology Group Inc. has a 1-year low of $40.66 and a 1-year high of $87.26. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 20.54 and a beta of 0.25. The firm's fifty day moving average price is $47.06 and its two-hundred day moving average price is $53.03.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly 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). New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts forecast that New Oriental Education & Technology Group Inc. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target 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. Macquarie cut shares of New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their price target for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. China Renaissance lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Citigroup lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $83.00 to $50.00 in a research note on Friday, January 24th. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $60.80.

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.

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