Fiera Capital Corp grew its position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report) by 19.8% in the third quarter, Holdings Channel reports. The institutional investor owned 51,371 shares of the company’s stock after buying an additional 8,499 shares during the period. Fiera Capital Corp’s holdings in New Oriental Education & Technology Group were worth $3,896,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in New Oriental Education & Technology Group during the second quarter worth $43,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at about $50,000. Blue Trust Inc. lifted its stake in shares of New Oriental Education & Technology Group by 782.4% in the second quarter. Blue Trust Inc. now owns 803 shares of the company’s stock valued at $62,000 after purchasing an additional 712 shares during the period. Hancock Whitney Corp purchased a new stake in New Oriental Education & Technology Group during the second quarter worth about $212,000. Finally, QRG Capital Management Inc. grew its position in New Oriental Education & Technology Group by 7.4% during the second quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock worth $285,000 after buying an additional 254 shares during the period.
New Oriental Education & Technology Group Price Performance
Shares of New Oriental Education & Technology Group stock opened at $60.30 on Friday. The business has a 50 day moving average price of $66.13 and a 200 day moving average price of $72.23. The company has a market capitalization of $10.23 billion, a P/E ratio of 25.77 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 1 year low of $56.18 and a 1 year high of $98.20.
New Oriental Education & Technology Group Announces Dividend
The company also recently declared a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, September 9th.
Analyst Ratings Changes
EDU has been the topic of several research analyst reports. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a research note on Thursday, October 17th. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup dropped their price target on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group presently has an average rating of “Moderate Buy” and an average target price of $99.67.
Get Our Latest Stock Report on EDU
About New Oriental Education & Technology Group
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.
Featured Articles
- Five stocks we like better than New Oriental Education & Technology Group
- What Are Growth Stocks and Investing in Them
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
- The 3 Best Blue-Chip Stocks to Buy Now
- MarketBeat Week in Review – 11/4 – 11/8
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Trump’s Return: Which Sectors Will Benefit Most?
Want to see what other hedge funds are holding EDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Oriental Education & Technology Group Inc. (NYSE:EDU – Free Report).
Receive News & Ratings for New Oriental Education & Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.