Ninety One UK Ltd Has $64.90 Million Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Ninety One UK Ltd lessened its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 885,702 shares of the company's stock after selling 271,331 shares during the quarter. Ninety One UK Ltd owned about 0.52% of New Oriental Education & Technology Group worth $64,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Eaton Vance Management grew its stake in shares of New Oriental Education & Technology Group by 306.7% during the first quarter. Eaton Vance Management now owns 22,543 shares of the company's stock valued at $26,000 after purchasing an additional 17,000 shares during the last quarter. Sunbelt Securities Inc. bought a new position in New Oriental Education & Technology Group in the 1st quarter valued at $46,000. Atlas Capital Advisors LLC acquired a new stake in shares of New Oriental Education & Technology Group in the 1st quarter valued at $51,000. Royal Bank of Canada raised its position in shares of New Oriental Education & Technology Group by 13.6% during the first quarter. Royal Bank of Canada now owns 44,215 shares of the company's stock worth $51,000 after acquiring an additional 5,299 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $59,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EDU shares. StockNews.com lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Thursday, January 4th. Morgan Stanley raised their target price on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th.

New Oriental Education & Technology Group Price Performance

Shares of EDU stock traded up $2.32 during trading hours on Thursday, reaching $86.87. The company had a trading volume of 1,048,206 shares, compared to its average volume of 1,653,723. New Oriental Education & Technology Group Inc. has a 1-year low of $35.70 and a 1-year high of $98.20. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 47.76 and a beta of 0.49. The company has a 50 day moving average of $89.84 and a 200 day moving average of $77.89.

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

New Oriental Education & Technology Group 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.