Sanctuary Wealth Advisors LLC bought a new stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the second quarter, Holdings Channel reports. The institutional investor bought 48,271 shares of the company’s stock, valued at approximately $3,403,000. New Oriental Education & Technology Group accounts for about 3.0% of Sanctuary Wealth Advisors LLC’s portfolio, making the stock its 16th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $8,529,000. Quadrature Capital Ltd bought a new position in New Oriental Education & Technology Group during the fourth quarter valued at approximately $406,000. UBS Asset Management Americas Inc. increased its position in New Oriental Education & Technology Group by 64.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 628,433 shares of the company’s stock valued at $26,458,000 after buying an additional 247,200 shares during the period. Teachers Advisors LLC increased its position in New Oriental Education & Technology Group by 6.4% in the fourth quarter. Teachers Advisors LLC now owns 56,344 shares of the company’s stock valued at $2,372,000 after buying an additional 3,400 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in New Oriental Education & Technology Group during the first quarter valued at approximately $525,000. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

New Oriental Education & Technology Group, Inc. (NYSE:EDU) opened at 79.09 on Monday. New Oriental Education & Technology Group, Inc. has a 52-week low of $37.16 and a 52-week high of $83.91. The company has a market cap of $12.47 billion, a PE ratio of 45.45 and a beta of 1.40. The firm’s 50-day moving average is $75.87 and its 200-day moving average is $63.39.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The company had revenue of $486.40 million during the quarter, compared to analyst estimates of $477.81 million. During the same period last year, the business earned $0.29 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post $2.40 EPS for the current year.

The business also recently announced a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40.

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Several equities analysts have recently commented on EDU shares. Benchmark Co. started coverage on shares of New Oriental Education & Technology Group in a report on Tuesday, April 18th. They issued a “buy” rating and a $75.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $74.80 target price on shares of New Oriental Education & Technology Group in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 16th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $62.00 price target on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.36.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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