Dimensional Fund Advisors LP raised its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 57.2% during the first quarter, Holdings Channel reports. The institutional investor owned 318,158 shares of the company’s stock after buying an additional 115,812 shares during the period. Dimensional Fund Advisors LP’s holdings in New Oriental Education & Technology Group were worth $19,186,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EDU. Advisors Preferred LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at $147,000. Raymond James Financial Services Advisors Inc. acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at $205,000. Timber Hill LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at $220,000. Campbell & CO Investment Adviser LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at $445,000. Finally, Granite Point Capital Management L.P. acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at $483,000. 83.08% of the stock is owned by institutional investors.

Shares of New Oriental Education & Technology Group, Inc. (NYSE EDU) traded up 0.89% on Friday, hitting $78.23. The company had a trading volume of 1,133,462 shares. New Oriental Education & Technology Group, Inc. has a 12-month low of $37.16 and a 12-month high of $83.91. The company has a market capitalization of $12.34 billion, a P/E ratio of 44.96 and a beta of 1.40. The firm has a 50-day moving average price of $77.10 and a 200 day moving average price of $64.81.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Equities analysts expect that New Oriental Education & Technology Group, Inc. will post $2.37 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Friday, October 6th. Investors of record on Wednesday, September 6th will be paid a $0.45 dividend. The ex-dividend date 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 research firms have recently weighed in on EDU. Jefferies Group LLC reissued a “buy” rating and issued a $74.80 price objective on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. Benchmark Co. increased their price objective on New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research cut New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 28th. UBS AG began coverage on New Oriental Education & Technology Group in a research report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective for the company. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $62.00 price objective on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $76.36.

About New Oriental Education & Technology Group

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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