Victory Capital Management Inc. Has $24.51 Million Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Victory Capital Management Inc. lowered its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 323,202 shares of the company’s stock after selling 11,746 shares during the period. Victory Capital Management Inc.’s holdings in New Oriental Education & Technology Group were worth $24,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in New Oriental Education & Technology Group by 16.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,912 shares of the company’s stock valued at $2,423,000 after buying an additional 3,944 shares during the period. Clearbridge Investments LLC raised its position in shares of New Oriental Education & Technology Group by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 71,747 shares of the company’s stock worth $6,229,000 after acquiring an additional 6,814 shares in the last quarter. Thornburg Investment Management Inc. acquired a new position in shares of New Oriental Education & Technology Group in the 1st quarter valued at about $15,418,000. Natixis grew its stake in New Oriental Education & Technology Group by 82.8% during the first quarter. Natixis now owns 5,484 shares of the company’s stock worth $476,000 after purchasing an additional 2,484 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in New Oriental Education & Technology Group in the first quarter worth approximately $103,392,000.

Analyst Ratings Changes

A number of research firms have issued reports on EDU. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup reduced their price target 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. Finally, Morgan Stanley set a $83.00 price target on shares of New Oriental Education & Technology Group in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, New Oriental Education & Technology Group has an average rating of “Moderate Buy” and a consensus target price of $99.67.

New Oriental Education & Technology Group Stock Up 1.5 %

NYSE EDU opened at $55.90 on Monday. New Oriental Education & Technology Group Inc. has a 52 week low of $54.00 and a 52 week high of $98.20. The business has a 50 day moving average price of $65.74 and a 200-day moving average price of $71.38. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 23.89 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.99 EPS. New Oriental Education & Technology Group’s quarterly revenue was up 30.5% on a year-over-year basis. On average, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

New Oriental Education & Technology Group Company 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.