CenterBook Partners LP Acquires 6,429 Shares of New Oriental Education & Technology Group Inc.
CenterBook Partners LP purchased a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,429 shares of the company, valued at approximately $471,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of New Oriental Education & Technology Group by 92.7% during the third quarter. FMR LLC now owns 6,631,500 shares of the company’s stock worth $388,274,000 after purchasing an additional 3,189,254 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of New Oriental Education & Technology Group by 22.8% during the third quarter. Schroder Investment Management Group now owns 4,094,455 shares of the company’s stock worth $239,730,000 after purchasing an additional 760,062 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of New Oriental Education & Technology Group by 37.4% during the fourth quarter. now owns 2,374,408 shares of the company’s stock worth $173,997,000 after purchasing an additional 646,122 shares in the last quarter. Keystone Investors PTE Ltd. increased its position in shares of New Oriental Education & Technology Group by 1.1% during the fourth quarter. Keystone Investors PTE Ltd. now owns 1,429,515 shares of the company’s stock worth $104,755,000 after purchasing an additional 15,842 shares in the last quarter. Finally, Sylebra Capital LLC acquired a new position in shares of New Oriental Education & Technology Group during the third quarter valued at $63,935,000.
New Eastern Education and Technology Group trading down 1.0%
NYSE:EDU shares opened at $77.53 on Monday. New Oriental Education & Technology Group Inc. has a 12 month low of $36.22 and a 12 month high of $98.20. The company has a fifty day simple moving average of $83.07 and a 200 day simple moving average of $82.42. The company has a market cap of $13.16 billion, a PE ratio of 41.68 and a beta of 0.48.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported earnings per share of $0.51 for the quarter, missing the consensus estimate of $0.57 by ($0.06). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.11%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts predict that New Oriental Education & Technology Group Inc. will post 1.86 EPS for the current fiscal year.
Wall Street analysts predict growth
Several research analysts have recently commented on the stock. Citigroup raised their price target on shares of New Oriental Education & Technology Group from $66.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, 25 April. Morgan Stanley raised their price target on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday , March 28th. Finally, HSBC initiated coverage on shares of New Oriental Education & Technology Group in a research note on Wednesday, May 29th. They issued a “buy” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.75.
Read our latest EDU research report
About New Eastern Education and Technology Group
(Free Report)
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 four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Consultancy services for studies abroad; and Educational Materials and Distribution.
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