Shah Capital Management Sells 1,101 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Shah Capital Management trimmed its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 308,558 shares of the company’s stock after selling 1,101 shares during the quarter. New Oriental Education & Technology Group makes up about 4.0% of Shah Capital Management’s holdings, making the stock its 5th biggest position. Shah Capital Management’s holdings in New Oriental Education & Technology Group were worth $19,803,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fiera Capital Corp increased its holdings in shares of New Oriental Education & Technology Group by 19.8% in the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock valued at $3,896,000 after acquiring an additional 8,499 shares during the period. JPMorgan Chase & Co. increased its stake in New Oriental Education & Technology Group by 192.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,783 shares of the company’s stock valued at $62,703,000 after buying an additional 543,810 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in New Oriental Education & Technology Group by 3.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company’s stock valued at $44,940,000 after buying an additional 19,401 shares during the period. Massachusetts Financial Services Co. MA increased its stake in New Oriental Education & Technology Group by 12.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company’s stock valued at $7,573,000 after buying an additional 11,423 shares during the period. Finally, Monolith Management Ltd acquired a new position in New Oriental Education & Technology Group in the 3rd quarter valued at $15,168,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $50.00 in a research note on Wednesday, January 22nd. Morgan Stanley lowered shares of New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. Macquarie lowered shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $79.00 to $44.00 in a research report on Wednesday, January 22nd. Citigroup lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $83.00 to $50.00 in a research report on Friday. Finally, StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of “Hold” and an average price target of $61.20.

New Oriental Education & Technology Group Stock Down 0.1 %

New Oriental Education & Technology Group stock opened at $46.71 on Monday. New Oriental Education & Technology Group Inc. has a 52 week low of $44.46 and a 52 week high of $98.20. The firm’s 50-day simple moving average is $60.03 and its 200 day simple moving average is $64.49. The firm has a market capitalization of $7.93 billion, a PE ratio of 19.88 and a beta of 0.44.

New Oriental Education & Technology Group Company 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.