New Oriental Education & Tech Grp (EDU) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,898 shares of the company’s stock after acquiring an additional 6,718 shares during the quarter. Dimensional Fund Advisors LP owned 0.21% of New Oriental Education & Tech Grp worth $28,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EDU. Canada Pension Plan Investment Board boosted its stake in shares of New Oriental Education & Tech Grp by 352.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,062,605 shares of the company’s stock worth $100,586,000 after acquiring an additional 827,958 shares in the last quarter. Newbrook Capital Advisors LP purchased a new position in New Oriental Education & Tech Grp in the 1st quarter valued at about $71,100,000. Interval Partners LP purchased a new position in New Oriental Education & Tech Grp in the 1st quarter valued at about $24,981,000. BlackRock Inc. lifted its stake in New Oriental Education & Tech Grp by 4.2% in the 2nd quarter. BlackRock Inc. now owns 6,786,748 shares of the company’s stock valued at $642,432,000 after buying an additional 276,215 shares in the last quarter. Finally, Zeal Asset Management Ltd purchased a new position in New Oriental Education & Tech Grp in the 2nd quarter valued at about $24,953,000. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Oriental Education & Tech Grp stock opened at $60.75 on Tuesday. The stock has a market capitalization of $10.55 billion, a P/E ratio of 32.49, a P/E/G ratio of 0.99 and a beta of 1.15. New Oriental Education & Tech Grp has a twelve month low of $59.70 and a twelve month high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, July 24th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $701.00 million for the quarter, compared to analyst estimates of $672.44 million. New Oriental Education & Tech Grp had a net margin of 12.10% and a return on equity of 15.17%. New Oriental Education & Tech Grp’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. As a group, equities analysts anticipate that New Oriental Education & Tech Grp will post 2.58 earnings per share for the current fiscal year.

EDU has been the topic of a number of research reports. 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 on the stock in a research note on Tuesday, June 26th. Morgan Stanley lowered shares of New Oriental Education & Tech Grp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 2nd. ValuEngine raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. raised shares of New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. New Oriental Education & Tech Grp presently has an average rating of “Hold” and a consensus target price of $105.64.

New Oriental Education & Tech Grp Profile

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.

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

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