LMR Partners LLP Buys New Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

LMR Partners LLP bought a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,293 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of New Oriental Education & Technology Group by 8,438.4% during the fourth quarter. Barclays PLC now owns 95,716 shares of the company’s stock valued at $6,142,000 after acquiring an additional 94,595 shares in the last quarter. Green Court Capital Management Ltd bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $21,152,000. Panview Capital Ltd bought a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $27,358,000. Erste Asset Management GmbH bought a new position in New Oriental Education & Technology Group in the fourth quarter worth $1,264,000. Finally, LBP AM SA bought a new position in New Oriental Education & Technology Group in the fourth quarter worth $3,061,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EDU shares. Macquarie downgraded New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Morgan Stanley downgraded New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. Citigroup downgraded New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $83.00 to $50.00 in a report on Friday, January 24th. China Renaissance downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, StockNews.com upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.80.

New Oriental Education & Technology Group Price Performance

EDU opened at $50.05 on Thursday. The stock has a 50-day moving average price of $47.03 and a 200-day moving average price of $53.47. The firm has a market cap of $8.49 billion, a PE ratio of 21.30 and a beta of 0.25. New Oriental Education & Technology Group Inc. has a 1 year low of $40.66 and a 1 year high of $88.53.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.75 EPS for the current year.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.