Swiss National Bank Acquires 29,100 Shares of Nord Anglia Education Inc (NORD)
Swiss National Bank raised its stake in Nord Anglia Education Inc (NYSE:NORD) by 109.3% during the second quarter, Holdings Channel reports. The fund owned 55,721 shares of the company’s stock after buying an additional 29,100 shares during the period. Swiss National Bank owned about 0.05% of Nord Anglia Education worth $1,178,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC acquired a new position in Nord Anglia Education during the first quarter valued at $319,000. State Street Corp increased its position in Nord Anglia Education by 53.9% in the first quarter. State Street Corp now owns 39,310 shares of the company’s stock valued at $822,000 after buying an additional 13,765 shares during the last quarter. Franklin Resources Inc. increased its position in Nord Anglia Education by 1.7% in the first quarter. Franklin Resources Inc. now owns 972,209 shares of the company’s stock valued at $20,309,000 after buying an additional 16,711 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Nord Anglia Education during the second quarter valued at $163,000. Finally, Bank of Montreal Can acquired a new position in Nord Anglia Education during the second quarter valued at $592,000.
Nord Anglia Education Inc (NYSE:NORD) traded down 0.82% during trading on Friday, reaching $21.78. 107,223 shares of the company traded hands. The company has a market capitalization of $2.27 billion, a P/E ratio of 158.98 and a beta of 0.92. The firm has a 50-day moving average price of $21.95 and a 200-day moving average price of $21.64. Nord Anglia Education Inc has a 52 week low of $14.58 and a 52 week high of $23.88.
Nord Anglia Education (NYSE:NORD) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business earned $253.80 million during the quarter, compared to analysts’ expectations of $247.57 million. The firm’s revenue was up 49.3% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. Analysts forecast that Nord Anglia Education Inc will post $0.64 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Nord Anglia Education from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Credit Suisse Group AG restated a “buy” rating on shares of Nord Anglia Education in a research report on Friday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of Nord Anglia Education from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. Finally, Barclays PLC restated a “buy” rating on shares of Nord Anglia Education in a research report on Saturday, July 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Nord Anglia Education presently has an average rating of “Buy” and a consensus price target of $24.71.
Nord Anglia Education Company Profile
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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