Healthcare of Ontario Pension Plan Trust Fund Buys 342,800 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,823,200 shares of the company’s stock after purchasing an additional 342,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.07% of New Oriental Education & Technology Group worth $138,271,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of New Oriental Education & Technology Group in the second quarter valued at about $43,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of New Oriental Education & Technology Group in the 2nd quarter valued at approximately $50,000. Blue Trust Inc. lifted its holdings in shares of New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after acquiring an additional 712 shares during the period. Hancock Whitney Corp acquired a new position in New Oriental Education & Technology Group during the second quarter valued at approximately $212,000. Finally, QRG Capital Management Inc. lifted its stake 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 purchasing an additional 254 shares during the last quarter.

New Oriental Education & Technology Group Stock Down 0.4 %

NYSE EDU opened at $58.58 on Wednesday. New Oriental Education & Technology Group Inc. has a twelve month low of $54.00 and a twelve month high of $98.20. The business’s fifty day moving average is $65.35 and its 200 day moving average is $70.28. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 25.03 and a beta of 0.49.

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

Analysts Set New Price Targets

EDU has been the topic of several recent analyst reports. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup lowered their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research note 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.

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.