BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Makes New $15.27 Million Investment in New Oriental Education & Technology Group Inc. (NYSE:EDU)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 196,500 shares of the company’s stock, valued at approximately $15,274,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.12% of New Oriental Education & Technology Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of New Oriental Education & Technology Group in the fourth quarter valued at about $733,000. Goldman Sachs Group Inc. raised its stake in shares of New Oriental Education & Technology Group by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock valued at $173,997,000 after buying an additional 646,122 shares during the last quarter. Russell Investments Group Ltd. raised its position in New Oriental Education & Technology Group by 23.3% during the first quarter. Russell Investments Group Ltd. now owns 267,516 shares of the company’s stock valued at $23,226,000 after acquiring an additional 50,635 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in shares of New Oriental Education & Technology Group by 81.7% in the 4th quarter. Point72 Hong Kong Ltd now owns 771,798 shares of the company’s stock valued at $56,557,000 after purchasing an additional 346,956 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of New Oriental Education & Technology Group in the first quarter worth about $1,220,000.

New Oriental Education & Technology Group Price Performance

Shares of EDU stock opened at $65.00 on Wednesday. The company has a market capitalization of $11.03 billion, a PE ratio of 34.95 and a beta of 0.46. The firm’s 50-day moving average is $66.00 and its two-hundred day moving average is $76.71. New Oriental Education & Technology Group Inc. has a 12 month low of $53.44 and a 12 month high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.19). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. Sell-side analysts forecast that New Oriental Education & Technology Group Inc. will post 2.83 EPS for the current year.

New Oriental Education & Technology Group Dividend Announcement

The firm 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 of this dividend was Monday, September 9th.

Analyst Ratings Changes

EDU has been the subject of a number of analyst reports. HSBC initiated coverage on New Oriental Education & Technology Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $110.00 price target for the company. Citigroup decreased their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, New Oriental Education & Technology Group has a consensus rating of “Moderate Buy” and a consensus price target of $103.67.

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.