Two Sigma Advisers LP Sells 11,700 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Two Sigma Advisers LP reduced its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,150 shares of the company's stock after selling 11,700 shares during the period. Two Sigma Advisers LP's holdings in New Oriental Education & Technology Group were worth $3,540,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EDU. Aspex Management HK Ltd raised its position in New Oriental Education & Technology Group by 56.8% during the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in New Oriental Education & Technology Group by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock valued at $249,952,000 after purchasing an additional 1,480,391 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 1,449,979 shares in the last quarter. Norges Bank acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth $92,345,000. Finally, FMR LLC increased its holdings in shares of New Oriental Education & Technology Group by 46.3% during 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.

Analyst Ratings Changes

Several brokerages have recently issued reports on EDU. China Renaissance downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.50.

New Oriental Education & Technology Group Stock Down 3.2%

EDU traded down $1.58 during trading on Friday, reaching $47.50. 857,994 shares of the stock traded hands, compared to its average volume of 1,768,447. The stock has a market capitalization of $8.06 billion, a PE ratio of 20.22 and a beta of 0.25. The stock's 50-day moving average is $46.55 and its 200 day moving average is $52.39. New Oriental Education & Technology Group Inc. has a 12 month low of $40.66 and a 12 month high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) 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 the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.48% and a net margin of 8.13%. New Oriental Education & Technology Group's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. As a group, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.75 EPS 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.