Oasis Management Co Ltd. Has $6.33 Million Stock Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Oasis Management Co Ltd. lifted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,600 shares of the company's stock after buying an additional 25,500 shares during the period. New Oriental Education & Technology Group comprises 1.4% of Oasis Management Co Ltd.'s holdings, making the stock its 13th largest position. Oasis Management Co Ltd. owned 0.06% of New Oriental Education & Technology Group worth $6,328,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EDU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in New Oriental Education & Technology Group by 14.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,496 shares of the company's stock valued at $1,059,000 after buying an additional 2,084 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of New Oriental Education & Technology Group by 85.2% during the fourth quarter. Lazard Asset Management LLC now owns 69,873 shares of the company's stock worth $4,484,000 after acquiring an additional 32,140 shares during the period. LMR Partners LLP bought a new stake in New Oriental Education & Technology Group in the 4th quarter valued at $211,000. Janus Henderson Group PLC boosted its stake in New Oriental Education & Technology Group by 107.1% in the 4th quarter. Janus Henderson Group PLC now owns 63,979 shares of the company's stock worth $4,100,000 after purchasing an additional 33,084 shares during the period. Finally, BNP Paribas acquired a new position in New Oriental Education & Technology Group in the 4th quarter worth $113,000.

New Oriental Education & Technology Group Stock Performance

NYSE EDU opened at $49.43 on Tuesday. The stock has a market cap of $8.39 billion, a PE ratio of 21.03 and a beta of 0.25. The firm has a 50-day moving average of $47.01 and a 200-day moving average of $53.52. New Oriental Education & Technology Group Inc. has a 52-week low of $40.66 and a 52-week high of $89.33.

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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm's quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts predict that New Oriental Education & Technology Group Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EDU has been the topic of several recent research reports. China Renaissance downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Macquarie cut New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and cut their target price for the company from $79.00 to $44.00 in a research note on Wednesday, January 22nd. Morgan Stanley downgraded New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Citigroup cut shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $83.00 to $50.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group has an average 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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