3,463 Shares in New Oriental Education & Tech Grp (EDU) Acquired by Cigna Investments Inc. New

Cigna Investments Inc. New bought a new stake in New Oriental Education & Tech Grp (NYSE:EDU) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,463 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in New Oriental Education & Tech Grp by 9.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,059 shares of the company’s stock valued at $186,000 after purchasing an additional 182 shares during the last quarter. Advisory Services Network LLC grew its stake in New Oriental Education & Tech Grp by 31.1% in the fourth quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock valued at $48,000 after purchasing an additional 208 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in New Oriental Education & Tech Grp by 96.5% in the first quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock valued at $41,000 after purchasing an additional 223 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in New Oriental Education & Tech Grp in the first quarter valued at about $31,000. Finally, Shine Investment Advisory Services Inc. purchased a new position in New Oriental Education & Tech Grp in the first quarter valued at about $45,000. Institutional investors own 86.01% of the company’s stock.

Shares of NYSE EDU opened at $90.89 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 1.61. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 48.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61. New Oriental Education & Tech Grp has a fifty-two week low of $50.30 and a fifty-two week high of $108.24.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.14. The business had revenue of $796.70 million during the quarter, compared to the consensus estimate of $788.52 million. New Oriental Education & Tech Grp had a return on equity of 14.88% and a net margin of 8.80%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities analysts anticipate that New Oriental Education & Tech Grp will post 1.68 earnings per share for the current year.

Several research firms have issued reports on EDU. Nomura lifted their target price on New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Citigroup lifted their target price on New Oriental Education & Tech Grp from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. TheStreet upgraded New Oriental Education & Tech Grp from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. Zacks Investment Research downgraded New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, ValuEngine downgraded New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. New Oriental Education & Tech Grp has an average rating of “Buy” and a consensus price target of $90.37.

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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. 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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