GSA Capital Partners LLP raised its position in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 67.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,779 shares of the company’s stock after buying an additional 12,412 shares during the period. GSA Capital Partners LLP’s holdings in New Oriental Education & Tech Grp were worth $2,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Nova Scotia purchased a new stake in New Oriental Education & Tech Grp during the 2nd quarter valued at $1,903,000. Calamos Advisors LLC raised its holdings in New Oriental Education & Tech Grp by 43.1% in the 3rd quarter. Calamos Advisors LLC now owns 114,480 shares of the company’s stock worth $10,104,000 after purchasing an additional 34,480 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in New Oriental Education & Tech Grp by 17.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 473,316 shares of the company’s stock worth $41,775,000 after purchasing an additional 68,977 shares in the last quarter. BARING ASSET MANAGEMENT Ltd raised its holdings in New Oriental Education & Tech Grp by 110.2% in the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 413,905 shares of the company’s stock worth $36,531,000 after purchasing an additional 217,035 shares in the last quarter. Finally, Tairen Capital Ltd raised its holdings in New Oriental Education & Tech Grp by 8.3% in the 2nd quarter. Tairen Capital Ltd now owns 1,890,988 shares of the company’s stock worth $133,296,000 after purchasing an additional 145,192 shares in the last quarter. 77.39% of the stock is owned by institutional investors and hedge funds.

New Oriental Education & Tech Grp (EDU) opened at $89.43 on Friday. The stock has a market cap of $14,140.00, a PE ratio of 47.68, a P/E/G ratio of 1.37 and a beta of 1.32. New Oriental Education & Tech Grp has a 12 month low of $40.01 and a 12 month high of $94.63.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.04). The business had revenue of $661.20 million during the quarter, compared to the consensus estimate of $643.90 million. New Oriental Education & Tech Grp had a return on equity of 17.32% and a net margin of 15.15%. The firm’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. equities analysts expect that New Oriental Education & Tech Grp will post 2.03 EPS for the current year.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, September 26th. Benchmark upped their price objective on shares of New Oriental Education & Tech Grp from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 6th. J P Morgan Chase & Co lowered shares of New Oriental Education & Tech Grp from a “neutral” rating to an “underweight” rating and set a $82.00 price objective for the company. in a report on Thursday, September 14th. Morgan Stanley assumed coverage on shares of New Oriental Education & Tech Grp in a report on Friday, August 25th. They issued an “overweight” rating and a $100.00 price objective for the company. Finally, Vetr lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price objective for the company. in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.76.

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New Oriental Education & Tech Grp 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 & Tech Grp (NYSE:EDU)

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