Signaturefd LLC Trims Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Signaturefd LLC cut its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,410 shares of the company’s stock after selling 180 shares during the period. Signaturefd LLC’s holdings in New Oriental Education & Technology Group were worth $183,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Carrhae Capital LLP lifted its position in shares of New Oriental Education & Technology Group by 30.5% during the 3rd quarter. Carrhae Capital LLP now owns 684,187 shares of the company’s stock valued at $51,889,000 after buying an additional 159,848 shares in the last quarter. Blue Trust Inc. lifted its holdings in New Oriental Education & Technology Group by 155.5% during the third quarter. Blue Trust Inc. now owns 2,052 shares of the company’s stock valued at $160,000 after purchasing an additional 1,249 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of New Oriental Education & Technology Group by 3.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,480,400 shares of the company’s stock worth $115,071,000 after purchasing an additional 56,100 shares during the period. Millennium Management LLC increased its stake in shares of New Oriental Education & Technology Group by 147.5% in the second quarter. Millennium Management LLC now owns 731,758 shares of the company’s stock worth $56,880,000 after purchasing an additional 436,098 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its position in shares of New Oriental Education & Technology Group by 16.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,380,199 shares of the company’s stock valued at $107,283,000 after purchasing an additional 196,133 shares during the period.

New Oriental Education & Technology Group Stock Performance

Shares of NYSE EDU opened at $60.75 on Monday. The company has a market cap of $10.31 billion, a P/E ratio of 32.84 and a beta of 0.47. New Oriental Education & Technology Group Inc. has a 52-week low of $58.60 and a 52-week high of $98.20. The firm’s fifty day moving average is $66.87 and its two-hundred day moving average is $73.87.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 7.50% and a net margin of 7.18%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, analysts forecast that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current fiscal year.

New Oriental Education & Technology Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, September 9th.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EDU shares. Citigroup dropped 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 report on Friday, August 2nd. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

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.