Shine Investment Advisory Services Inc. Acquires Shares of 497 New Oriental Education & Tech Grp (EDU)

Share on StockTwits

Shine Investment Advisory Services Inc. acquired a new stake in New Oriental Education & Tech Grp (NYSE:EDU) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 497 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its stake in shares of New Oriental Education & Tech Grp by 31.1% during the fourth quarter. Advisory Services Network LLC now owns 876 shares of the company’s stock worth $48,000 after purchasing an additional 208 shares in the last quarter. Federated Investors Inc. PA purchased a new stake in shares of New Oriental Education & Tech Grp during the third quarter worth about $81,000. Quadrant Capital Group LLC increased its stake in shares of New Oriental Education & Tech Grp by 1,292.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,351 shares of the company’s stock worth $73,000 after purchasing an additional 1,254 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of New Oriental Education & Tech Grp during the fourth quarter worth about $123,000. Finally, Advisors Asset Management Inc. increased its stake in shares of New Oriental Education & Tech Grp by 32.9% during the fourth quarter. Advisors Asset Management Inc. now owns 2,623 shares of the company’s stock worth $144,000 after purchasing an additional 650 shares in the last quarter. 84.45% of the stock is owned by institutional investors.

EDU has been the subject of a number of research reports. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Macquarie set a $75.00 target price on shares of New Oriental Education & Tech Grp and gave the stock a “buy” rating in a research note on Tuesday, January 15th. ValuEngine raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. JPMorgan Chase & Co. cut shares of New Oriental Education & Tech Grp from an “overweight” rating to a “neutral” rating and set a $76.64 target price for the company. in a research note on Monday, February 11th. Finally, Morgan Stanley raised shares of New Oriental Education & Tech Grp from an “equal weight” rating to an “overweight” rating and set a $81.75 target price for the company in a research note on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.42.

EDU opened at $89.99 on Wednesday. The stock has a market cap of $12.75 billion, a P/E ratio of 48.12, a price-to-earnings-growth ratio of 1.58 and a beta of 1.61. New Oriental Education & Tech Grp has a twelve month low of $50.30 and a twelve month high of $108.24.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. The firm had revenue of $597.07 million for the quarter, compared to analyst estimates of $578.50 million. New Oriental Education & Tech Grp had a net margin of 8.32% and a return on equity of 13.78%. New Oriental Education & Tech Grp’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Analysts anticipate that New Oriental Education & Tech Grp will post 1.68 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Shine Investment Advisory Services Inc. Acquires Shares of 497 New Oriental Education & Tech Grp (EDU)” was first reported by Fairfield Current and is the property of of Fairfield Current. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.fairfieldcurrent.com/news/2019/04/17/shine-investment-advisory-services-inc-acquires-shares-of-497-new-oriental-education-tech-grp-edu.html.

About New Oriental Education & Tech Grp

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.

Recommended Story: Recession

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

Receive News & Ratings for New Oriental Education & Tech Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Tech Grp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply