Sei Investments Co. Has $12.66 Million Stock Position in New Oriental Education & Tech Grp (NYSE:EDU)

Sei Investments Co. lessened its holdings in New Oriental Education & Tech Grp (NYSE:EDU) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,136 shares of the company’s stock after selling 3,204 shares during the period. Sei Investments Co.’s holdings in New Oriental Education & Tech Grp were worth $12,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC lifted its holdings in shares of New Oriental Education & Tech Grp by 76.7% during the second quarter. Flagship Harbor Advisors LLC now owns 228 shares of the company’s stock valued at $29,000 after purchasing an additional 99 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in New Oriental Education & Tech Grp in the second quarter valued at about $32,000. Rosenberg Matthew Hamilton acquired a new stake in shares of New Oriental Education & Tech Grp during the second quarter valued at about $35,000. Shine Investment Advisory Services Inc. raised its stake in shares of New Oriental Education & Tech Grp by 48.1% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 391 shares of the company’s stock valued at $51,000 after acquiring an additional 127 shares during the period. Finally, Cornerstone Advisors Inc. raised its stake in shares of New Oriental Education & Tech Grp by 42.4% in the 2nd quarter. Cornerstone Advisors Inc. now owns 430 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Shares of NYSE EDU opened at $155.04 on Wednesday. The business has a 50-day moving average of $143.16 and a two-hundred day moving average of $129.41. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 59.98 and a beta of 1.22. New Oriental Education & Tech Grp has a 1 year low of $102.01 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.50.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its earnings results on Tuesday, July 28th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $798.50 million during the quarter, compared to analysts’ expectations of $797.40 million. New Oriental Education & Tech Grp had a return on equity of 15.17% and a net margin of 11.55%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. As a group, equities research analysts expect that New Oriental Education & Tech Grp will post 3.25 earnings per share for the current year.

A number of analysts have issued reports on EDU shares. Goldman Sachs Group boosted their target price on New Oriental Education & Tech Grp from $145.00 to $149.00 in a research report on Wednesday, July 1st. Nomura raised their target price on New Oriental Education & Tech Grp from $150.00 to $160.00 in a report on Thursday, July 9th. Benchmark boosted their price target on shares of New Oriental Education & Tech Grp from $135.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Jefferies Financial Group initiated coverage on shares of New Oriental Education & Tech Grp in a research note on Tuesday, September 1st. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $151.82.

New Oriental Education & Tech Grp 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 Language Training and Test Preparation 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 achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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