Quantbot Technologies LP Cuts Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Quantbot Technologies LP reduced its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,455 shares of the company’s stock after selling 3,610 shares during the quarter. Quantbot Technologies LP’s holdings in New Oriental Education & Technology Group were worth $3,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in shares of New Oriental Education & Technology Group during the second quarter valued at $43,000. Assetmark Inc. grew its holdings in shares of New Oriental Education & Technology Group by 1,642.9% during the fourth quarter. Assetmark Inc. now owns 610 shares of the company’s stock valued at $45,000 after buying an additional 575 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of New Oriental Education & Technology Group during the second quarter valued at $50,000. Blue Trust Inc. grew its holdings in shares of New Oriental Education & Technology Group by 782.4% during the second quarter. Blue Trust Inc. now owns 803 shares of the company’s stock valued at $62,000 after buying an additional 712 shares during the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter valued at $231,000.

Analysts Set New Price Targets

EDU has been the topic of a number of research analyst reports. HSBC initiated coverage on shares of New Oriental Education & Technology Group in a report on Wednesday, May 29th. They set a “buy” rating and a $110.00 price objective on the stock. Citigroup decreased their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.67.

New Oriental Education & Technology Group Price Performance

NYSE EDU opened at $59.17 on Tuesday. The company has a market capitalization of $10.04 billion, a PE ratio of 31.87 and a beta of 0.46. The company has a fifty day moving average of $68.21 and a 200 day moving average of $78.30. New Oriental Education & Technology Group Inc. has a 1 year low of $53.44 and a 1 year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.19). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. Research analysts expect that New Oriental Education & Technology Group Inc. will post 2.83 earnings per share for the current year.

New Oriental Education & Technology Group Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a $0.58 dividend. The ex-dividend date is Monday, September 9th.

New Oriental Education & Technology Group 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 four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.