Nomura Holdings Inc. trimmed its stake in New Oriental Education & Tech Grp (NYSE:EDU) by 61.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,584 shares of the company’s stock after selling 62,294 shares during the period. Nomura Holdings Inc.’s holdings in New Oriental Education & Tech Grp were worth $2,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of New Oriental Education & Tech Grp by 50.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,797 shares of the company’s stock worth $245,000 after acquiring an additional 937 shares during the period. Pillar Pacific Capital Management LLC lifted its stake in shares of New Oriental Education & Tech Grp by 12.7% in the second quarter. Pillar Pacific Capital Management LLC now owns 8,670 shares of the company’s stock valued at $820,000 after purchasing an additional 975 shares during the period. Atria Investments LLC lifted its stake in shares of New Oriental Education & Tech Grp by 21.0% in the second quarter. Atria Investments LLC now owns 5,799 shares of the company’s stock valued at $549,000 after purchasing an additional 1,008 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd lifted its stake in shares of New Oriental Education & Tech Grp by 14.7% in the second quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 8,600 shares of the company’s stock valued at $814,000 after purchasing an additional 1,100 shares during the period. Finally, US Bancorp DE lifted its stake in shares of New Oriental Education & Tech Grp by 13.5% in the second quarter. US Bancorp DE now owns 9,781 shares of the company’s stock valued at $927,000 after purchasing an additional 1,160 shares during the period. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE EDU traded up $2.97 during trading on Friday, reaching $61.54. 1,676,101 shares of the stock were exchanged, compared to its average volume of 1,732,799. New Oriental Education & Tech Grp has a twelve month low of $58.17 and a twelve month high of $108.40. The stock has a market cap of $10.55 billion, a P/E ratio of 32.91, a PEG ratio of 0.99 and a beta of 1.15.

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

Several equities analysts have weighed in on EDU shares. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Tuesday, June 26th. Morgan Stanley downgraded shares of New Oriental Education & Tech Grp from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 2nd. ValuEngine upgraded shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded shares of New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $107.80.

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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