New Oriental Education & Tech Grp (EDU) Holdings Cut by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in New Oriental Education & Tech Grp (NYSE:EDU) by 17.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 252,188 shares of the company’s stock after selling 53,012 shares during the period. California Public Employees Retirement System owned 0.16% of New Oriental Education & Tech Grp worth $22,258,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of New Oriental Education & Tech Grp by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock valued at $107,000 after purchasing an additional 35 shares during the last quarter. Nippon Life Insurance Co. purchased a new stake in shares of New Oriental Education & Tech Grp in the 2nd quarter valued at about $111,000. Envestnet Asset Management Inc. lifted its holdings in shares of New Oriental Education & Tech Grp by 88.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock valued at $144,000 after purchasing an additional 766 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of New Oriental Education & Tech Grp by 182.5% in the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of New Oriental Education & Tech Grp in the 3rd quarter valued at about $227,000. 77.15% of the stock is owned by institutional investors and hedge funds.

New Oriental Education & Tech Grp (NYSE EDU) traded up $3.00 during midday trading on Friday, reaching $104.92. The company’s stock had a trading volume of 2,504,596 shares, compared to its average volume of 1,240,000. New Oriental Education & Tech Grp has a 52 week low of $46.35 and a 52 week high of $105.50. The firm has a market cap of $16,590.00, a PE ratio of 57.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

New Oriental Education & Tech Grp (NYSE:EDU) last released its 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). New Oriental Education & Tech Grp had a return on equity of 17.32% and a net margin of 15.15%. The business had revenue of $661.20 million for the quarter, compared to analyst estimates of $643.90 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. equities research analysts forecast that New Oriental Education & Tech Grp will post 2.03 EPS for the current year.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group restated a “buy” rating and issued a $109.00 price target on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 26th. Vetr cut New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price target on the stock. in a research report on Tuesday, October 10th. Deutsche Bank assumed coverage on New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, CLSA upgraded New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $99.51.

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New Oriental Education & Tech Grp 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.

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

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