Guinness Asset Management Ltd increased its holdings in New Oriental Education & Tech Grp (NYSE:EDU) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,300 shares of the company’s stock after buying an additional 3,280 shares during the period. Guinness Asset Management Ltd’s holdings in New Oriental Education & Tech Grp were worth $6,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in New Oriental Education & Tech Grp in the 2nd quarter valued at $187,000. Wedbush Securities Inc. bought a new position in New Oriental Education & Tech Grp in the 2nd quarter valued at $218,000. Natixis bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $222,000. Flow Traders U.S. LLC bought a new position in New Oriental Education & Tech Grp in the 1st quarter valued at $231,000. Finally, HMS Capital Management LLC bought a new position in New Oriental Education & Tech Grp in the 2nd quarter valued at $251,000. 88.80% of the stock is owned by institutional investors.

NYSE EDU opened at $69.51 on Monday. New Oriental Education & Tech Grp has a 52-week low of $67.85 and a 52-week high of $108.40. The firm has a market cap of $9.95 billion, a PE ratio of 37.17, a P/E/G ratio of 0.93 and a beta of 1.20.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. New Oriental Education & Tech Grp had a net margin of 12.10% and a return on equity of 14.79%. The company had revenue of $701.00 million during the quarter, compared to the consensus estimate of $672.44 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 44.1% compared to the same quarter last year. research analysts predict that New Oriental Education & Tech Grp will post 2.58 earnings per share for the current fiscal year.

Several brokerages have commented on EDU. CLSA downgraded shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a report on Thursday, May 24th. ValuEngine raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a report on Wednesday, May 23rd. JPMorgan Chase & Co. raised their price target on shares of New Oriental Education & Tech Grp from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Tuesday, May 29th. Finally, Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Tuesday, June 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. New Oriental Education & Tech Grp presently has an average rating of “Hold” and an average price target of $105.55.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through 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 segments.

Further Reading: Risk Tolerance

Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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