Tobam Buys New Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Tobam acquired a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 54,301 shares of the company's stock, valued at approximately $3,979,000.

A number of other large investors have also recently made changes to their positions in EDU. Eaton Vance Management lifted its stake in shares of New Oriental Education & Technology Group by 306.7% in the first quarter. Eaton Vance Management now owns 22,543 shares of the company's stock valued at $26,000 after buying an additional 17,000 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of New Oriental Education & Technology Group in the first quarter valued at about $46,000. Atlas Capital Advisors LLC purchased a new stake in shares of New Oriental Education & Technology Group in the first quarter valued at about $51,000. Royal Bank of Canada raised its holdings in shares of New Oriental Education & Technology Group by 13.6% in the first quarter. Royal Bank of Canada now owns 44,215 shares of the company's stock valued at $51,000 after purchasing an additional 5,299 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of New Oriental Education & Technology Group in the fourth quarter valued at about $59,000.

New Oriental Education & Technology Group Price Performance

NYSE:EDU traded down $0.60 on Tuesday, reaching $84.80. 968,971 shares of the company's stock were exchanged, compared to its average volume of 1,662,491. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 46.59 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 52 week low of $35.70 and a 52 week high of $98.20. The stock has a fifty day simple moving average of $89.04 and a 200-day simple moving average of $76.81.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last issued its earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). The business had revenue of $869.60 million for the quarter, compared to the consensus estimate of $814.01 million. New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. New Oriental Education & Technology Group's revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. As a group, sell-side analysts predict that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EDU shares. StockNews.com downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, January 4th. Morgan Stanley raised their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.