Russell Investments Group Ltd. Has $19.80 Million Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)


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Russell Investments Group Ltd. grew its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 36.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 108,194 shares of the company’s stock after buying an additional 28,716 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of New Oriental Education & Technology Group worth $19,801,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wisconsin Investment Board increased its stake in New Oriental Education & Technology Group by 93.3% in the fourth quarter. State of Wisconsin Investment Board now owns 54,700 shares of the company’s stock valued at $10,164,000 after acquiring an additional 26,400 shares during the period. Candriam Luxembourg S.C.A. increased its stake in New Oriental Education & Technology Group by 33.3% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 224,830 shares of the company’s stock valued at $41,776,000 after acquiring an additional 56,114 shares during the period. Perpetual Ltd bought a new stake in New Oriental Education & Technology Group in the third quarter valued at about $5,637,000. TCW Group Inc. bought a new stake in New Oriental Education & Technology Group in the fourth quarter valued at about $2,091,000. Finally, Koshinski Asset Management Inc. increased its stake in New Oriental Education & Technology Group by 16.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 1,412 shares of the company’s stock valued at $355,000 after acquiring an additional 200 shares during the period. 80.65% of the stock is owned by institutional investors and hedge funds.

Shares of New Oriental Education & Technology Group stock opened at $184.46 on Tuesday. The stock has a market capitalization of $31.15 billion, a price-to-earnings ratio of 77.83 and a beta of 0.95. New Oriental Education & Technology Group Inc. has a 1-year low of $102.01 and a 1-year high of $199.74. The firm’s 50-day moving average price is $179.84 and its two-hundred day moving average price is $165.29.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Thursday, January 21st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.18. New Oriental Education & Technology Group had a net margin of 10.85% and a return on equity of 12.98%. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, equities analysts expect that New Oriental Education & Technology Group Inc. will post 3.13 EPS for the current fiscal year.

A number of analysts recently weighed in on EDU shares. The Goldman Sachs Group upped their target price on shares of New Oriental Education & Technology Group from $191.00 to $194.00 and gave the company a “conviction-buy” rating in a research note on Thursday, January 28th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Monday, November 2nd. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $174.56.

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. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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