Dupont Capital Management Corp Grows Stock Position in New Oriental Education & Tech Grp (NYSE:EDU)

Dupont Capital Management Corp raised its position in New Oriental Education & Tech Grp (NYSE:EDU) by 17.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,250 shares of the company’s stock after purchasing an additional 625 shares during the period. Dupont Capital Management Corp’s holdings in New Oriental Education & Tech Grp were worth $553,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV purchased a new position in New Oriental Education & Tech Grp in the 2nd quarter valued at about $32,000. Parallel Advisors LLC lifted its holdings in New Oriental Education & Tech Grp by 65.9% in the 1st quarter. Parallel Advisors LLC now owns 282 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in New Oriental Education & Tech Grp in the 1st quarter valued at about $54,000. Banco de Sabadell S.A purchased a new position in New Oriental Education & Tech Grp in the 1st quarter valued at about $74,000. Finally, Synovus Financial Corp purchased a new position in New Oriental Education & Tech Grp in the 1st quarter valued at about $80,000. Institutional investors own 78.60% of the company’s stock.

Several brokerages have recently weighed in on EDU. Goldman Sachs Group increased their price objective on shares of New Oriental Education & Tech Grp from $145.00 to $149.00 in a report on Wednesday, July 1st. UBS Group cut their price objective on shares of New Oriental Education & Tech Grp from $185.00 to $169.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Zacks Investment Research lowered shares of New Oriental Education & Tech Grp from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price objective on shares of New Oriental Education & Tech Grp from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Nomura increased their target price on shares of New Oriental Education & Tech Grp from $150.00 to $160.00 in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. New Oriental Education & Tech Grp presently has an average rating of “Buy” and an average price target of $149.50.

Shares of NYSE:EDU opened at $140.20 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. New Oriental Education & Tech Grp has a 52-week low of $97.50 and a 52-week high of $153.02. The company has a 50 day moving average of $137.18 and a two-hundred day moving average of $127.07. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 52.71 and a beta of 1.27.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. New Oriental Education & Tech Grp had a net margin of 11.55% and a return on equity of 15.17%. The company had revenue of $798.50 million during the quarter, compared to the consensus estimate of $797.40 million. During the same quarter last year, the company earned $0.60 earnings per share. New Oriental Education & Tech Grp’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that New Oriental Education & Tech Grp will post 3.27 earnings per share for the current year.

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. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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

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